Now that the dust has settled and the ink is dry on the contract we can start to map out the next chapter in the life of BBC Television Centre (TVC). The sale of such an iconic building with its long association with the BBC marks a major milestone in the BBC Estate Transformation and the closure of a particular chapter of my own role within the BBC.
TVC will become the home of our commercial businesses, BBC Worldwide and BBC Studios and Post Production (S&PP), who will both lease refurbished office and entertainment space from 2014/15. BBC Worldwide will establish their new headquarters in the building, and following temporary relocation, S&PP will operate refurbished studios for television production, including the famous Studio 1.
Plans for the rest of the site will include a mix of leisure, office, and residential space. The new owners, lead by Stanhope Plc, have bought the site for a guaranteed consideration of £200m and the BBC will also take a share of future profits from the development.
It was felt that it was important for the BBC to retain a link to a building that has played such an important part in our history and has felt like a home from home for so many of us over the years. TVC was the world’s first purpose built television centre and we are delighted it will now remain a home of BBC creativity and production for many years to come.
To achieve this vision the BBC has agreed to work with Stanhope over the next few years and I have been asked to lead a new team in BBC Commercial Holdings to deliver the BBC pre-lets and ensure that we maximise the value of the sale to the BBC.
This will be the last posting to this Blog as I will be moving to a new site next week. I do plan to post BBC specific Blogs about TVC on the main Blog but will continue blogging about place making, the wider TVC story and the evolution of creative spaces.
For BBC focused blogs you can go to http://www.bbc.co.uk/blogs/
My Spaces and Places blog will move to http://blog.spacesandplaces.co
Let’s hope the next chapter is as exciting as the last one.