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Asset/Investment Management
commonwealthltd.net

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Funds

1

Partners & Customers

1

About Commonwealth Group

The Commonwealth Group and its associated entities have been actively engaged in Development, Leasing and Management services since 1973.

Commonwealth Group Headquarter Location

300 Water Street Suite 300

Wilmington, Delaware, 19801,

United States

302-472-7200

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Latest Commonwealth Group News

Hollywood Studios Face ESG Test in Atlanta over Proposed Forest Clearing

Jul 8, 2021

Hollywood Studios Face ESG Test in Atlanta over Proposed Forest Clearing Posted on 07/07/2021 The State of Georgia has attracted Hollywood and media streamer giants like Netflix and Amazon Studios (Amazon.com, Inc.). Georgia has tax incentives for filming. Founded by Ryan Millsap, Blackhall Studios hosts some of the largest Hollywood productions in Georgia in recent times. Blackhall is one of the largest production studios in Georgia. The sound stages produce more than US$ 500 million worth of content annually. Shows filmed in Blackhall Studios include “Lovecraft Country” on HBO and movies such as “Doctor Sleep” and “Venom”. Blackhall Studios plans to build new sound stages on 200 acres of natural forest in Dekalb county (just outside of Atlanta). Environmental groups such as the South River Watershed Alliance, a Section 501(c) (3) charitable organization, is protesting the studio expansion, which would cut down trees and increasing the carbon footprint. According to South River Watershed Alliance’s website, they state, “Intrenchment Creek Park (ICP) is a beautiful 136 acre public park in south DeKalb County, inside Atlanta’s I-285. The park’s tree canopy, wetlands and floodplain work together to protect the South River’s largest urban tributary, Intrenchment Creek. The creek and river depend on ICP for improved water quality and protection from destructive stormwater runoff. Forty acres of ICP, including urban forest, have been traded to a private developer via a land swap between DeKalb County and Blackhall Studios. This swap sets the precedent that puts every public park in DeKalb County at risk of private development.” Millsap invested US$ 75 million in the current facility. Last summer, Ryan Millsap completed the controversial land swap needed to expand the studio complex in Atlanta. In April 2021, Blackhall Studios was sold to Los Angeles-based private equity firm Commonwealth Group for US$ 120 million. Increasingly, institutional investors are concerned with ESG. Environmental concerns are at risk since many of these listed companies like Amazon use studios to film movies and shows.

Commonwealth Group Fund History

1 Fund History

Commonwealth Group has 1 fund, including Commonwealth Lamar.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/10/2019

Commonwealth Lamar

$6M

1

Closing Date

4/10/2019

Fund

Commonwealth Lamar

Fund Type

Status

Amount

$6M

Sources

1

Commonwealth Group Partners & Customers

1 Partners and customers

Commonwealth Group has 1 strategic partners and customers. Commonwealth Group recently partnered with RectorSeal on January 1, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

1/1/2020

Vendor

United States

RectorSeal becomes a vendor of the buying organization, The Commonwealth Group - RectorSeal

`` Our sales staff is already executing strategies to help members from Embassy Group Ltd. access the opportunities we 're offering and help them create a solid relationship with RectorSeal . ''

1

Date

1/1/2020

Type

Vendor

Business Partner

Country

United States

News Snippet

RectorSeal becomes a vendor of the buying organization, The Commonwealth Group - RectorSeal

`` Our sales staff is already executing strategies to help members from Embassy Group Ltd. access the opportunities we 're offering and help them create a solid relationship with RectorSeal . ''

Sources

1

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