A whopping £88 million have been offered to the Pinewood Shepperton by the property giant Peel Holdings for acquisition.

It is the same group that that is responsible for the development of the MediaCityUK, and is one of the most prominent and diversified real estate, transport, and infrastructure companies situated in the United Kingdom.

The bosses at the Pinewood confirmed for the takeover offer from Peel Holdings. The Pinewood studios are the ones where the block-busters like James Bond and Harry Potter have been shot.

In fact, the share prices of the well-known studios shot up by 12% after the takeover deal by Peel Holdings was made public.

The approach is said to be an estimated worth of 190p a share. The bid made by the Peel is at a 31% premium to the average price of three months of Pinewood Shares.

A spokesman from the Pinewood said that it is not necessary that the deal will be accepted by the studios. The future is still undetermined.

It is noted that the Pinewood has not held in a good image by its shareholders. Crystal Amber, who holds 28.9% of the total shares, has repeatedly expressed his discordance and unrest over the group’s performance since stock market flotation in 2004.