CGI of Fairbanks Studio [UMC Architects]French investment firm AXA IM Alts bought half of BBC's Elstree site in January 2024 for £70m. It has now received resolution to grant consent for its redevelopment into a new film and TV campus, which will be rebranded as Fairbanks Studios, after its former owner, Hollywood star Douglas Fairbanks Jr. The proposals include the transformation of current studios and ancillary spaces into 266,000 sq ft of modern media campus for the TV and independent film industry. The redevelopment, designed with an art deco frontage by UMC Architects, will more than quadruple the stage space to approximately 100,000 sq ft across five sound stages, ranging in size from 16,000 to 21,000 sq ft. A new ‘media hub’ will offer 58,000 sq ft of office and amenity spaces across five storeys, for media-related industries and businesses directly connected to the studios.