UK outfits to invest €60m to build Portugal film studios

The production complex in Loulé will also include a streaming platform

By Chris Evans 24 Feb 2020

UK outfits to invest €60m to build Portugal film studios
Algarve, Portugal

British outfits, MovieBox and Lansdowne Capital Partners, have agreed to invest €60m to build a production complex, including film and TV studios, in Loulé on the Portuguese Algarve.

The complex will be built on the site of an old Unicer beer factory, close to the Loulé Industrial Zone, and will integrate film and television studios, a streaming platform that will develop new content, and it will also house several independent producers. 

“It is a global-scale project that will put Loulé on the map of big movie and TV productions, which is why we have supported the investors from the start,” said Loulé mayor Vítor Aleixo. “We believe that the creation of this complex will represent a turning point for the diversification and dynamisation of the region’s economy.”

Aleixo also pointed out that the film production complex will create “at least 300 new direct jobs” as well as thousands of indirect jobs over time.

Portugal is proving an increasingly popular shooting location for international productions, recently hosting Rambo: Last Blood and the Hitman’s Wife’s Bodyguard, among other major projects. This is partly thanks to the introduction of its cash rebate worth up to 30% in 2018.  

“We have great locations, almost 300 days of sunshine a year, experienced hard working crew, several small and medium sized studios, and an increasing number of large studios [including this latest one in the Algarve],” enthuses Manuel Claro, Portugal Film Commission, to KFTV at the Berlin Film Festival.

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