Stanhope acquires London's BBC Television Centre in £200m deal
by Pete Hayman | 23 Jul 2012
Leisure uses are being planned as part of an extensive redevelopment of the BBC Television Centre site in London, which has been acquired by Stanhope in a £200m deal.
Mitsui Fudosan and the Alberta Investment Management Corporation (AIMCo) are funding partners of Stanhope in the deal, which follows a year-long process led by the broadcaster.
Stanhope's bid was one of six shortlisted and measured against three main objectives - such as maximising velue for the Licence Fee payer and ensuring a legacy for the iconic building.
Although the BBC will retain a presence at the site, the developer has netted a long leasehold interest and has chosen Allford Hall Monaghan Morris to draw up mixed-use plans.
Stanhope chief executive David Camp said: "We are looking forward to working with the BBC to deliver a vibrant, mixed-use scheme for the Television Centre site.
"We will preserve and enhance the much loved iconic buildings surrounding the forecourt for workspace, hotel and residential uses."
Click here to read more about the sale of the BBC Television Centre site to Stanhope, together with the plans for the iconic building's future use.
Image: Panhard
Leisure uses are being planned as part of an extensive redevelopment of the BBC Television Centre site in London, which has been acquired by Stanhope in a £200m deal. Mitsui Fudosan and the Alberta Investment Management Corporation (AIMCo) are funding partners of Stanhope in the deal, which follows a year-long process led by the broadcaster. Stanhope's bid was one of six shortlisted and measured against three main objectives - such
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