The project will restore five at-risk Grade II listed-buildings in Ashford and convert them into 80,000 sq ft of TV and film studios, 80,000 sq ft of ancillary production space, 50,000 sq ft of mill store and 30,000 sq ft of media village.
Plans also include the Future Media Centre educational hub, a 120-room hotel, 68 serviced apartments, a creative industries conference centre and a 10,000 sq ft gym, restaurant and leisure space.
TCDI Co. and Quinn Estate are collaborating with architects Guy Holloway to deliver the project scheduled for 2021.
Piers Read and Jeremy Rainbird, Founders of The Creative District Improvement Co. said: “It is a dream come true to regenerate an area that we have a close personal connection to and to provide such exciting employment opportunities.
“As we emerge from COVID-19 there will continue to be unprecedented demands for stage space and a demand for skilled workers which will continue to grow.
“With A.I. constantly encroaching into the UK employment sector, the creative industry is one of the only industries that robustly defends itself from mass unemployment.
“British TV and film making is the best in the world thanks to facilities like Ashford International Studios. This is set to remain the case for decades to come”.
TCDI Co. has previously announced plans to extend the current success of Twickenham Studios in a £50m development that will include film stages, flexible workspace for creative industries with new event and hospitality space.