INDUSTRY NEWS

BBC office sale goes through

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West Ham co-owner David Sullivan has sold the BBC’s rented London offices for £32.3 million.

The BBC let the office space in Marylebone from Sullivan’s company Conegate, but is moving out to shift its operations to Manchester.

Sullivan’s 999-year-lease was bought out by Scottish Widows Investment Partnership.

The BBC is expected to vacate the 47,000 square foot property in six months’ time.

Scottish Widows is exploring its options for the land.

It is the company’s second major London investment of the summer, after paying £80m for office and retail space in Oxford Street in June.

The BBC will move to MediaCity in Salford, taking with it classic shows such as Blue Peter, and much of its news operations.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space

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