Limerick Twenty Thirty, a property development company established as a special purpose vehicle of Limerick City and County Council, has welcomed the commitment of new owners of Troy Studios in Plassey to the future of the film in Limerick following its acquisition of the studio.
Welcoming the announcement, Mayor of the City and County of Limerick Cllr Daniel Butler and CEO of Limerick Twenty Thirty David Conway said that the investment by Hackman Capital Partners and its affiliate The MBS Group and Square Mile Capital Management in Troy Studios bodes well for the industry in the region.
The investment sees the partnership acquire both Troy Studios, which is the largest TV and Film Production studio complex in Ireland and operates out of the Limerick Twenty Thirty premises at Plassey, and Ardmore Studios in Wicklow.
Mayor of the City and County of Limerick Cllr Daniel Butler said: “With this acquisition, Limerick now has the world's largest independent studio partnership based here. I welcome the commitment from the partnership to continue growing production here and investing in local talent through further investment from international content creators. And I look forward to them working with all stakeholders and ensuring that the proud legacy already developed here is built on in the years ahead.”
David Conway, CEO of Limerick Twenty Thirty said: “Troy Studios has been a fantastic success story for not just film in Limerick but for the economy of Limerick and the wider region. This acquisition validates again the decision and foresight shown in re-imagining the old Dell factory in Plassey into a campus for film and TV production.”
“The site was first property in the Limerick Twenty Thirty portfolio and was a bold move at the time but one that has delivered a huge dividend for Limerick and the wider region. It has established Limerick as a significant international film hub and created a fantastic film ecosystem here. It has also been very positive for Limerick’s international profile, playing a very important role in strengthening the reputation of the city and region as a dynamic and exciting location in which to live, work and play.”
Innovate Limerick which includes Film In Limerick has also welcomed the announcement of the acquisition.
Paul C. Ryan, Regional Film Manager, Film in Limerick said: “We welcome the developments at Troy and the new owners to Limerick and we look forward to working closely with the team to further develop the region as a leading production hub and a major employer in the region.”
Both Ardmore and Troy Studios will continue to operate with their current branding, with CEO Elaine Geraghty and the staff at the facility remaining unchanged.
Added Paul C. Ryan: “Our vision for Limerick and the Mid-west is to continue to develop as a major centre for production. Key to this is our close working relationships with Troy and other stakeholders in the region. We will continue to work to develop further film-making infrastructure, a strong local crew base, and incentives to support more inward and local productions. With the world’s largest studio group now setting up home in Limerick, we can be confident about the future of filmmaking in the region.”
Troy Studios has so far hosted two large productions, sci-fi series Nightflyers for Netflix and the upcoming Foundation TV series for AppleTV+.
Foundation, which will premiere on the streaming platform next month, is the biggest production ever to be filmed in Ireland with up to 500 crew on set during filming at the Castletroy complex.