A major revamp at the BBC Television Centre in London will see the symbolic building turned into offices, flats and a hotel.
The redevelopment plans are set to cost over £200m.
The BBC originally announced back in 2007 that it had plans to sell its famous west London HQ: Home to a number of much-loved shows including Fawlty Towers, Monty Python and Blue Peter.
However, the firm has now finally outlined its plans for the site as part of a new project that will be developed by Stanhope.
Plans are in place to see the main building, nicknamed by BBC employees ‘the doughnut’, become a hotel and a number of apartments.
In a statement on Stanhope’s website, it also outlined that, as well as housing the BBC’s commercial arm, BBC Worldwide, the new London offices on the 14-acre site would also be aimed at occupiers within the creative sector.
Stanhope chief executive, David Camp, said: “The BBC will continue to have a significant presence at Television Centre and we will be bringing new life into the site with new public routes, spaces and uses.”
The property developer has worked on a number of projects for over 25 years – with the work totalling more than £10bn.
Designed by architects Norman and Dawbarn, the historic building originally opened in 1960 and was built on the former site of the 1908 Franco-British Exhibition.
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