£50m redevelopment package outlined for BBC Television Centre
A £50m redevelopment package has been unveiled by property developers Stanhope for the redevelopment of the BBC’s iconic 1950s Television Centre – made redundant following the broadcasters decant to modern premises elsewhere in London and Manchester.
The announced deal is being funded by Royal bank of Scotland which will fund a mixed-use development of residential, office and leisure space as well as a diminished BBC presence at the site.
David Camp, chief executive of Stanhope Plc, said: “We were thrilled when we secured the mandate and financial backing to redevelop the iconic BBC site, and we are delighted that RBS have seen the potential in us, and this development. We are confident in our approach, and our ambitions, and the team at RBS has created the ideal, bespoke package to help us fulfil our ambitions for the area. We’re looking forward to working hard and watching the project take shape, as well as continuing our relationship with everyone at RBS.”
Paul Bryan, relationship director for RBS Corporate said: “We’re delighted to be assisting Stanhope with the development. It underlines and supports our ambition to help businesses that help local communities throughout the UK and is an example of our ability in creating bespoke funding packages for a variety of initiatives. We’re excited about watching Stanhope’s plans come to life, and looking forward to continuing our relationship.”