After the construction of the building, a portion of the underground car park was unused, so he planned to have a mini cineplex there. He designed the Ali Ahammed Chunka City Library and Auditorium building located in Narayanganj town. The founder of this mini cineplex is Mohammad Nuruzzaman Dalim. This is the first mini theater in Bangladesh and the smallest mini theater in Asia. Today, TREP has $5.3 billion of assets under management.Ali Ahammed Chunka City Library and AuditoriumĢ3☃6′53″N 90☃0′06″E / 23.6146496°N 90.5016405☎ / 23.6146496 90.5016405ĬineMaker and Narayanganj City CorporationĬineScope is a mini theater located in Narayanganj, Bangladesh. TPG Real Estate Partners (TREP) is the dedicated real estate equity investment platform of global alternative asset firm TPG (a major investor in CAA). I look forward to seeing Cinespace and the entire film sector in the city with all the jobs that rely on it continue to grow over the coming years.” They were among the real pioneers in building something special in our city – they have helped me champion the local industry and attract new jobs and investments here. Toronto Mayor John Tory thanked the Mirkopoulos family “for founding and building up Cinespace here in our city. We welcome this acquisition by TPG and look forward to their continued investment in Cinespace and commitment to growing their operations in Toronto.” They have been the source of incredible Canadian content and a steady job creator for the City and Province. North of the border, the Honourable Doug Ford, Premier of Ontario, said: “Since launching in 1988, Cinespace has been a pillar of Toronto’s world class entertainment industry. Expanding the state’s capacity for television and media production will create opportunities for countless Illinoisans - including the job training and apprenticeship programs that have been hallmarks of Cinespace’s efforts.”Ĭhicago Mayor Lori Lightfoot is “thrilled to see this acquisition expand our capability for content creation and look forward to the jobs and productions it will bring to our region.” Illinois Governor JB Pritzker said the state “is proud to welcome TPG’s investment in Cinespace and Illinois’ booming film industry. Gee - formerly CEO of Strive and CFO and President of LifeStorage, two former TREP portfolio companies - will be CFO. There’s activity in the production hub of Georgia to Oklahoma, Louisiana and other states.Įgan and Keith Gee will join Cinespace as co-Managing Partners. Netflix is looking at a large site in New Jersey. In New York, Robert Halmi, Jr.’s Great Point Capital is working on a studio complex in Yonkers with Lionsgate as anchor tenant. Blackstone and Hudson Pacific Properties have been active and Bain Capital is investing in a new LA construction. Real estate developer Hackman Capital owns maybe the biggest collection of studios after a series of recent deals. The space is booming along with streamer-driven production. The two execs said the real estate group will continue to explore buying or building sound stages in North America and Europe. We are thrilled to have the opportunity to expand on their vision by building a best-in-class studio platform that serves the creator community and drives job growth in Toronto, Chicago, and beyond,” added Jacob Muller, Managing Director at TREP. “We have been studying the content creation and production landscape as an investment theme for a few years, and in that time have developed a relationship with the family behind Cinespace. “Consumer appetite for original content is a growing secular trend that has accelerated through the pandemic, leading to a dramatic increase in the demand to produce new films and television and in turn, a surge in the need for studio space,” said Avi Banyasz, Partner and Co-Head of TPG Real Estate.” It is also the home of The Handmaid’s Tale and upcoming film Nightmare Alley. Dick Wolf’s Chicago Fire, Chicago PD and Chicago Med have all filmed there so did Empire and the last season of Fargo with Chris Rock.Ĭinespace Toronto is a Netflix production hub for shows like the Umbrella Academy. Illinois has a 30% tax credit that runs through 2026. Netflix Is A Big Step Closer To Building Major New Jersey Production StudioĬinespace Chicago opened in 2010 and currently operates 33 stages, with an additional 15 stages undergoing development or conversion on more than 60 acres.
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