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The City of Cape Town is officially rolling out the proverbial red carpet in Paardevlei, Somerset West, after giving the green light to a lease agreement for a city-owned property.

Enter Cape Point Film Studios (CPFS), ready to splash out a cool R900 million to build a world-class film studio.

CPFS plans to transform the existing buildings into a top-notch film production hub that’ll rival the best in the biz. And that’s not all—once things are up and running, they’re dreaming even bigger with plans for a sea and underwater sound stage production precinct.

Hollywood, who?

“We thank the City of Cape Town for taking this journey with us because, as practitioners in the film industry, we know first-hand how fast the content and film-making industry is developing,” says CPFS director Henry F Herring.

“The need for more strategic interventions, such as world-class sound stages to service this growth, not only helps filmmakers tell their stories, but also contributes substantially to the sustainable expansion of the film sector with its 1:4 multiplier effect to its value chain, all the while creating more jobs.”

In other words, the state-of-the-art film facility won’t only boost the city’s status as an international filmmaking destination but will provide a lekker boost to the economy by creating tons of jobs.

Big news for Cape Town’s creative industry!

A R900M film set by Cape Point Film Studios is coming to Paardevlei, Somerset West. This game-changer will boost economic growth, create jobs, and showcase our stunning stages to the world.

More: https://t.co/ymocgM2Qwa pic.twitter.com/vcjFx1Damn

— Invest Cape Town (@InvestCapeTown) December 2, 2024

City of Cape Town Economic Growth MMC James Vos believes the lease approval “carries the potential to create hundreds of jobs, generate almost R1-billion rand in the local economy, and boost tourism to Cape Town.”

“The creative economy is one of the top-performing sectors in the city. According to the South African Cultural Observatory mapping study of 2022, the cultural and creative industries contributed R161 billion to the country’s gross domestic product in 2020,” adds Vos.

With the City of Cape Town’s Economic Growth Directorate wrapping up the lease agreement, the stage is set for further investment in the Mother City as a top-tier destination.

“This project will not only enhance Cape Town’s status as a leading creative hub, but also solidify its position as a destination of choice for home-grown and global productions,” Vos said.

“There’s it!” as Suzelle DIY likes to say.

[source:engineeringnews]