GE Real Estate Aids in $50M Studio Refi

VANCOUVER, BC-GE Real Estate was the lead partner in a $50-million refinancing at Vancouver Film Studios. Executives with the film and television complex believe the move will boost its growth and position in the competitive studio business.

“GE Real Estate was able to provide us with a simple but flexible solution that enhanced our ability to service our existing customers and attract more productions to Vancouver,” says Jason McLean, president and COO of Vancouver Film Studio’s parent company, the McLean Group, in a prepared statement. “This was a transformative deal that positions us for the next stage of our development.”

With a portfolio that includes 11 buildings totaling more than 268,000 sf and a significant equipment rental inventory through its wholly owned subsidiary, Pacific Backlot Services, Vancouver Film Studios is a premier production facility. Situated on nearly two city blocks just 15 minutes from Downtown Vancouver, it has stages, office complexes, mill space, construction shops, parking, a gym, helipad and other production buildings on a fully secured lot. Home to award-winning film productions & television series, Vancouver Film Studios is also Canada’s first carbon neutral production facility.