The group will develop 288 acres of land south of Atlanta through a joint venture with River’s Rock, an independently managed trust of the family behind the fast-food restaurant chain Chick-fil-A.
Pinewood Atlanta, as the venture is called, will allow producers access to tax incentives from the state of Georgia.
The land and construction costs will be funded by equity from River’s Rock and a debt facility from Synovus Bank. Pinewood will receive a 40 per cent stake in the joint venture and will provide sales and marketing services.
The British group has embarked on a rapid international expansion in recent years, with ventures in Canada, Germany, Malaysia and the Dominican Republic.
This month Pinewood entered into a 50/50 joint venture with Seven Stars Media, a private company controlled by Bruno Wu, the Chinese media entrepreneur.
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