Share

BBC puts landmark up for sale

London  - The BBC has put its landmark Television Centre broadcasting hub up for sale under plans to cut its property holdings by 30%.

The disposal of the 51-year-old building in London’s White City district could raise more than £300m for the publicly-funded broadcaster.

The BBC, which originally flagged up sale plans in 2007, said on Monday it was would also consider joint-venture proposals which could leave it with some presence at the site.
 
It has handed the marketing of the 17 000m² location to property consultants Lambert Smith Hampton and has invited potential buyers to register interest by July 1, the BBC said.
 
Parts of Television Centre, including its main circular building known to staff as the "doughnut", were given Grade II listed status in 2009, meaning any move to develop or refurbish the site would be subject to planning permission.
 
The BBC said in April that it was aiming to cut its property holdings to 300 000m². It currently occupies 585 000m² across 418 locations.
 
Earlier media reports put the value of the site in a range between £50m and more than £300m, depending on the potential for development, the amount of land included in the package, and the terms and conditions while the BBC remained a sitting tenant.
 
The BBC intends to vacate Television Centre by 2015 and will move the bulk of its 5 000 staff to the newly-refurbished Broadcasting House in London and MediaCityUK in Salford.
 
It also raised the possibility of retaining some of its staff at the site should a joint venture with a developer be agreed upon. This would see it renting back some of its studios from the new buyer to continue making programmes on the site.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.89
+0.2%
Rand - Pound
23.87
+0.1%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.33
+0.1%
Rand - Yen
0.12
+0.1%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders