' Cape Business News " reports as follows
07 Feb 2008 : R430m 'dream' project realised
Sector News
December 2007 saw the finalisation of agreements and contracts to conclude the Cape Town Film Studios (formally known as Dreamworld) deal by shareholders Videovision, Sabido Investments Pty Ltd, the Rico Trust, the Helderberg African Chamber of Commerce and Wesgro, the Western Cape Investment and Trade Promotion Agency.
With all the legal documents signed, Anant Singh, chairperson of Cape Town Film Studios says that critical mid-year dates in 2008 can now be met in terms of the Environmental Management Plan and funding agreements relating to the upgrading of the R301 highway, bulk infrastructure and the studio buildings themselves.
“We are pleased that our contractual agreements with the City and Wesgro have been finalised.
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