Following a rigorous selection process, the BBC has appointed Applecross Properties Limited (Applecross), and their joint venture partners Esk Properties Limited (Esk) and Blackrock International Land plc (Blackrock), as preferred purchasers to develop its Queen Margaret Drive premises and land in Glasgow.
The 5.3 acre site has been home to BBC Scotland since 1936.
The BBC, advised by commercial property consultant Lambert Smith Hampton, chose the developers from 18 contenders who submitted detailed offer proposals for the site in December 2005.
The majority of the site is earmarked for a high-quality new-build residential development designed for Applecross by award-winning Scottish architects, CDA.
Subject to the necessary consents, the listed buildings will undergo sensitive conversion to a hotel development carried out by Esk.
The BBC will be involved throughout the planning and extensive consultation process.
John Hill, Director of Development at Lambert Smith Hampton, said: "This is a unique residential opportunity within Glasgow's West End, where opportunities of this size and potential almost never come to the fore."
Colin Cumberland, Managing Director of Applecross, said: "Queen Margaret Drive is a superb opportunity for Applecross to develop a landmark residential site of which Glasgow can be truly proud."
Ken MacQuarrie, Controller, BBC Scotland, added: "I am delighted that the developers have been selected for our premises at Queen Margaret Drive, which have served us so well over the years.
"Our move to Pacific Quay offers us a unique opportunity to provide a world-class broadcasting centre for Scotland, accessible to the public, and we are naturally pleased about that, but we are also aware of the legacy we will be leaving behind."
Notes to Editors
The current Broadcasting House complex is located within the heart of Glasgow's West End and set within an established residential district immediately adjacent to the Botanic Gardens.
The site comprises of a number of adapted and bespoke buildings which are used in the production, administration and broadcasting of BBC Scotland's radio, television and interactive programmes.
Two distinctly individual buildings, by two of Glasgow's greatest architects, form the centrepiece of BBC Scotland's operation.
The earliest is North Park House, built in 1869 to the design of J.T. Rochead as a country mansion and private gallery for the brothers John and Matthew Bell, who owned the Glasgow Pottery at Port Dundas.
In 1884 the house was acquired by Queen Margaret College, the first college for women in Scotland.
In 1895, the College began building Britain's first Women's Medical School on the site, designed by architects Honeyman and Keppie, and an associate, Charles Rennie Mackintosh.
The college closed in 1935 with students, no longer segregated from their male counterparts,)joining other larger centres of learning in the city.
Principal architect James Miller began adapting the Glasgow site for BBC Scotland in 1936.
North Park then became the main rehearsal and recording space of the BBC Scottish Symphony Orchestra until 2005, when the orchestra moved to Glasgow's refurbished City Halls.
As with much of the West End, the site lies within the Glasgow West Conservation Area which seeks to protect the general integrity and character of architectural significance in this neighbourhood.
Glasgow's City Plan identifies the Mackintosh Building, Queen Margaret College and Thirties extension as Category B listed.
The BBC's planning consultants have already undertaken a conservation audit of the site and established, with planning officials and Historic Scotland, a framework for the retention and conversion of a number of the listed buildings at the western end of the site.
Construction of BBC Scotland's new five-storey digital broadcast centre at Pacific Quay in Glasgow is now finished and the technical fit-out under way - on schedule and on budget.
Designed by leading international architect David Chipperfield and his team, the 34,000 square metre new digital headquarters, which are due to be completed in 2007, will place BBC Scotland at the heart of a unique urban media community of broadcasting and digital media production companies.
Selected images of BBC Scotland Broadcasting House premises are available on request.