The two deals expand the real estate investment trust and studio giant's production services offerings.
Los Angeles-based studio operator Hudson Pacific Properties has acquired Star Waggons and Zio Studio Services for a combined $222 million to expand its transportation and logistics offerings.
Star Waggons and Zio Studio Services together have a fleet of more than 1,100 luxury location trailers, specialized vehicles and other transportation assets. The two deals expand the production services Hudson Pacific offers as a real estate investment trust and a global studio platform anchored by its Sunset Studios brand.
Hudson Pacific’s portfolio of office and studio properties totals more than 20 million square feet, including land for development. Sunset Studios, backed by investment firm Blackstone and Hudson Pacific, has unveiled plans to spend nearly $1 billion to create a new center for film, TV and digital production in the U.K. as its first expansion beyond the U.S. market.
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