Historic Ardmore Studios put up for sale 'as a going concern'

The 18 acre site is home to some of Ireland's biggest productions

Historic Ardmore Studios put up for sale 'as a going concern'

Image: Facebook/Ardmore Studios

Irish film studios Ardmore have put put on the market as a going concern, its board of directors say.

The 18 acre site in in Bray, Co Wicklow has seen significant investment in recent years to enhance its facilities and has recorded year-on-year growth.

Over the past three years, the directors have invested over €2m into the studios.

Established in 1958, Ardmore Studios is the only media hub in Ireland capable of providing production, post-production and support services for full-length feature films and TV productions.

The studio says the sale will have no impact on its day-to-day operations.

The majority shareholders, Ossie Kilkenny and Paul McGuinness, have owned the studios for almost 30 years.

They say that together with Enterprise Ireland, an original shareholder, the time is right for the sale.

Actors Christian Bale (left), Izabella Scorupco (centre) and Mathew McConaughey (right) at Ardmore Studios in 2001 | Image: RollingNews.ie

"Ardmore has recorded significant profitability over the last number of years whilst operating to almost full capacity. The favourable Section 481 tax incentive scheme is a key attractor for international productions and demand for fully-serviced studio space in Ireland remains buoyant", the studio says in a statement.

Both Mr McGuinness and Mr Kilkenny say they will continue to explore a number of other individual business interests.

It has been home to hundreds of international and national films and TV productions including 'Braveheart', 'My left Foot', 'Excalibur', 'The Tudors', 'Moone Boy' and 'Penny Dreadful'.

Productions at Ardmore have received 14 Oscars and many BAFTA, Golden Globe and Emmy awards.

No price has been given for the listing.