Subscribe Online  

ITV sells off London Television Centre

ITV sells off London Television Centre
News
Staff Reporter
08 November 2019

ITV has agreed a sale of its iconic London Television Centre building on London’s Southbank.

 

ITV has exchanged contracts for the sale to Mitsubishi Estate London Limited in an all-cash transaction for £145.6m.

 

Completion is expected to occur by the end of November.

 

ITV announced the closure of the studios at the centre back in 2017 and then planned to redevelop the site for to use as an HQ with a smaller studio set up for its inhouse daytime shows.

 

Part of proceeds of the sale of the South Bank will go to the ITV pension fund with the rest used to reduce ITV’s net debt.

Be the first to comment.
 
 

Background briefing :Outside broadcast

 



















Televisual Media UK Ltd 23 Golden Square, London, W1F 9JP
©2009 - 2017 Televisual. All rights reserved
Use of this website signifies your agreement to the Terms of Use | Disclaimer