UK: The renovation of the British Broadcasting Corporation’s iconic Television Centre will include a boutique hotel and apartments.
The west London landmark has been sold to developer Stanhope, which will convert the inner ring of the centre in to the residential and hotel element of a mixed-use project. Neighbouring buildings will be refurbished as offices for companies in the creative industries.
BBC director of operations Dominic Coles said: “This development will not only deliver a legacy befitting a site of such historical significance, but also is part of a BBC property strategy which is maximizing value for money for the licence-fee payer and releasing fresh funding for programming.”
Television Centre was sold after the BBC moved the production of some radio and TV shows to Manchester from London. Stanhope bought the 14-acre (5.7 hectare) site for £200 million in July 2012.
Stanhope is preparing planning applications for the redevelopment of the buildings, which are listed as historically significant.