The BBC got £200m for the whole site, but will retain an interest in three tv studios through its loss-making commercial subsidiary BBC Studios and Post Production.
Tuesday, March 10, 2015
Making money
Ah, the economics of property development. Property Week reports that the new owners of the Television Centre site are on the verge of a deal to sell a long-leasehold (not the freehold) on one small element of the 14-acre plot for £60m. Aviva have apparently bid over the asking price for the area formerly known as Stage 6, which this year becomes the new home for BBC Worldwide, on a 25 year lease at £2.65m p.a. rising with inflation.
The portion of the plot under offer is shaded grey.
The BBC got £200m for the whole site, but will retain an interest in three tv studios through its loss-making commercial subsidiary BBC Studios and Post Production.
The BBC got £200m for the whole site, but will retain an interest in three tv studios through its loss-making commercial subsidiary BBC Studios and Post Production.
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