James Vellacott (second row left) and Michelle Vellacott (centre right) celebrate the opening of their new venture The Nest
A brand new creative hub, designed to bring creative professionals and small production companies under one roof, has opened its doors in Wapping, London.
Located near to St Katharine Docks, the 8,000 sq ft property cost £1.7m to develop and has been created by photography, film and TV production complex Cherryduck Studios. Royal Bank of Scotland has supported the development with a £1.36m funding deal.
Designed to bring together some of London’s best creative professionals and small production companies under one roof, The Nest will provide affordable co-working space and facilities to creatives in the area.
Situated next door to Cherryduck’s established studios, facilities at The Nest include 12 edit suites running Adobe Creative Suite and four ‘private’ edit and grading suites, rentable by the hour, that are capable of handling 4K content.
Elsewhere at The Nest, there is an audio studio with voice over booth, screening room, meeting rooms, a café bar and communal space that can accommodate up to 50 people.
The hub is covered by secure high-speed internet and desk space can be rented monthly, inclusive of utilities, business rates and Wi-Fi. Prices start at £400 a month.
James Vellacott, chief executive of Cherryduck, said: “We couldn’t be happier with the development of The Nest. We have created a truly first rate space, equipped with the very best production facilities available.
“Given the recent surge in demand for digital content, the explosion in the number of TV production companies, London’s wealth of young creative post- production talent and the ever- growing need to collaborate with other creative sectors, we feel The Nest will prove to be a very popular workspace hub.
“The support we have received from the team at Royal Bank of Scotland throughout this project has been brilliant and we couldn’t be happier with the service we have received. The team really understood our objectives for The Nest and identified with the demand we know exists in the area.
"Their funding has enabled us to create an amazing co-working space which not only supports our own growth ambitions but will undoubtedly assist many other businesses in the area.”
Richard Hall, senior relationship manager at Royal Bank of Scotland, said: “I am pleased that The Nest is now up and running and that we have been able to support the creation of such a brilliant facility.
"There is a real concentration of smaller production companies in the area who will undoubtedly benefit from the availability of such a space.”
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