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ITV hopes for £150m HQ sale

January 21, 2019

ITV aims to raise at least £150 million (€170m) from the sale of its headquarters on London’s South Bank.

The landmark London Studios site is one of the biggest mixed use development opportunities to hit the market for several years and is being sold with planning permission for a 31 storey residential tower made up of 213 apartments. A separate office and studio development are also in the plans, say reports.

ITV moved out in 2017 and originally planned to return after the site had been refurbished. But Carolyn McCall, its chief executive, decided to sell it instead and continue operating from new offices on Chancery Lane.

The broadcaster, which had formerly leased the South Bank site, bought it from Coal Pension Nominees for £56 million in 2013. It has had an association with the building, which was formerly the headquarters of London Weekend Television, for more than 40 years.

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