MDDUS has recently purchased Hend House, the London headquarters of Industrial Light & Magic, the visual effects arm of the LucasFilm production company.
ILM moved into the grade-II listed building on Shaftsbury Avenue in 2014 and the studio is currently working on special effects for the new Star Wars film franchise (although the landlord has not been offered any sneak previews!).
In addition, the Union has purchased Bracton House in High Holborn. Both acquisitions – along with the refurbishment of the building housing our London office at Pemberton Row – are part of a strategy to enhance the Union’s property portfolio and continue to improve the return on our investment fund.
MDDUS CEO Chris Kenny says: “These are prudent investments which help us to diversify our holdings and so achieve both security and growth for our members’ resources.”