Friday, July 27, 2018

Broxit

Dear readers,

I'm sorry I didn't spot it earlier, but the BBC has surrendered its lease on Brock House, nestling handily between the BH complex and Wogan House. It's had a range of uses and mis-uses over time in BBC hands since 1932. Previous occupants include the Women's League of Health and Beauty.

The BBC is believed to have got around £2m in return for an early surrender of its lease, back to landlords Gascoyne Holdings. Directors include The Marquess of Salisbury, Lord (Charles Edward Vere Gascoyne-) Cecil and Lord Valentine William Cecil.

Gascoyne have sold a 20-year lease on the 28,000 square foot building to The Office Group, who provide accommodation for start-ups. They've already refurbished another former BBC W1 property, Henry Wood House. The Office Group is funded by US private equity firm Blackstone (CEO Stephen Schwarzman, occasional advisor to Donald Trump).

Please accept my apologies for being late on this.

Yrs, etc

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