In 2007 the BBC announced that as part of its property strategy it was going to
look at the future of Television Centre and various options for the W12 estate.
The key objective of that strategy was to take advantage of new technology and changing
working practices to drive higher utilisation of buildings and efficiency. The BBC
were looking to find the right balance between freehold and leasehold property to
maximise value for the licence fee payer as well as retaining flexibility for the
future. After an extensive search to identify a partner to meet the BBC’s criteria,
Stanhope were selected and acquired Television from the BBC in July 2012.
Stanhope Plc is a property company with 30 years experience of developing mixed-use projects, principally in Central London. In that time it has completed over £13 billion worth of projects including Broadgate in the City of London, Tate Modern, HM Treasury, Central Saint Giles WC2 and Chiswick Park in west London.
Stanhope Plc works across different property sectors and has experience of working
with listed buildings. Large projects take several years to develop and as a result
Stanhope Plc believes in establishing strong links with surrounding communities.
Stanhope Plc specialises in working in partnership and, as you will see, the continued ongoing presence of the BBC at TVC and the continuation of Wood Lane as a home for creativity, is integral to our plans.
Stanhope Plc and the BBC have assembled acommitted and experienced development team with a track record in successfully completing large and complex projects. The team is led by award-winning architects Alford Hall Monaghan Morris(AHMM) who have a particular expertise in reconfiguring significant, listed buildings for more contemporary uses.