Future of Three Mills Studio secure within the Bromley-by-Bow development
The future of Three Mills Studio - creative home of the London 2012 Opening Ceremony - looks assured, at least for the time being.
The London Legacy Development Corporation is in the process of developing land around the Olympic Park for housing - but the recent success of the film studio with its landmark oast house cowl has provided some breathing space.
Doubts were raised in the LLDC business plan 2012-2014, which appeared to suggest that the site could be sold off.
The plan, referring to a real estate project for Three Mills and Sugar House Lane, stated: "[The project] also includes construction work at Three Mills, and repairs to the buildings and infrastructure. An options appraisal is being undertaken to determine the future strategy for the Three Mills site, including whether to sell the site or to continue to operate it."
An LLDC spokeswoman said the popularity of the studios, including filming for The Inbetweeners 2, a music video for Paul McCartney's Appreciate and fashion shoots for Gucci, Agent Provocateur and Ralph Lauren gave it the foundation for a strong future.
Sarita Bhatia said: "The East London Science School is occupying the Clock Mill. LLDC continues to manage the film studio complex, which has a number of long term tenants.
"Three Mills Studios is currently experiencing a high level of demand. The studios has really turned itself round in the last year and we consider it one of our strongest successes."
The studios sits within the Bromley-by-Bow development, which is earmarked for a huge redevelopment in the next few years.
Little has been mentioned about the future of Three Mills in planning documents since the business plan was released, yet in one of the most recent documents from the LLDC's regeneration committee it states: "LLDC has appointed [architects] dRMM to look at Bromley-By-Bow master planning leaving Tesco in situ and the possibility of using compulsory purchase order powers. This is linked to wider work around Three Mills future strategy."
The LLDC has planning powers over the Olympic Park area and the next regeneration committee meeting is September 16.