The LA developer Pacifica Ventures and its investors are withdrawing from the 22-acre project in Dagenham until ‘uncertainty has been resolved’
A Los Angeles-based developer has cited “Brexit uncertainty” as the reason behind its decision to put on hold plans to build an enormous film studio outside London.
Pacifica Ventures, which owns the studio where Breaking Bad was made, was picked as the preferred bidder for the proposed project in 2018, but, according to Barking and Dagenham council who own the land, failed to “progress matters sufficiently”, and has now lost its status.