The BBC has a new landlord at MediaCityUK in Salford. Landsec - aka Land Securities - has bought a 75% stake in the whole development, leaving driving force Peel with 25%. Peel's previous 50/50 partners were Legal and General.
Land Securities acted as 'developers' when the BBC transformed Broadcasting House into its main HQ.
Their purchase in Salford includes £293.6m of debt, reducing its equity investment to £207.6m.
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