Film and Television
We are fond of relating the history of Vancouver Film Studios
(to whomever will listen) as a happy accident. Truth be told,
about fifteen years ago we realized that there was no conceivable
way to get permission to build huge condominium towers on
over thirty acres of industrial land in Vancouver so we had
to think about alternatives. We had been reluctant landlords
to film and television tenants for years, putting them in
empty warehouses while we fretted about finding a long term
real user. Along came a twenty-one year-old Sacha McLean
who examines the mixed bag of uses and historical revenues
and makes a case for taking a risk on short term rentals
to the film and television industry and making them our first
priority. It turned out we had comparable occupancy at much
better rates and within three years of his initial proposal
to the family, we built our first six sound stages and soon
expanded to ten. The next lesson (pay attention you would-be
film studio moguls) was that you can't really make much money
on the buildings alone -- the key to this business is not
real estate: it is services. Production facilities and sevices
are complementary and we have put together a package for
our customers that we think is one of the best in the world.
To learn more about our single largest business, please follow
the links to the right.
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