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MUMBAI: BBC has agreed to sell its Television Centre in West
London to property developers Stanhope Plc for a total price
in the order of £200 million.
Contracts
for the sale have been exchanged. Full details of the sale
will be available on completion.
BBC
put Television Centre on sale in June 2011 and has operated
on the site since 1960.
The
BBC originally announced its intention to sell Television
Centre in 2007. LSH were appointed in November 2010 following
a competitive tender to help finalise the strategy to market
the 14-acre freehold site.
The
pubcaster's objective was to maximise value and take advantage
of high investor demand for commercial property in London
and a shortage of landmark sites as distinctive as Television
Centre.
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