The City of Cape Town has approved a lease agreement for a city-owned property which will see the construction of a R900 million film set.
The landmark property transaction is for part of a City-owned property in Paardevlei, Somerset West that will pave the way for a massive R900-million film studio development by Cape Point Film Studios .t is set to transform the site into a state-of-the-art film facility, boosting the city’s status as an international filmmaking destination.CPFS plans to upgrade existing buildings to create a cutting-edge studio complex that meets international standards.
“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.”Vos, meanwhile, highlighted the project’s potential to stimulate Cape Town’s creative economy.
In related news, the City of Cape Town is rolling out a series of enhanced security measures to better protect residents and visitors during the high season.
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