BBC Television Centre

BBC Television Centre is an iconic landmark in West London prime for a transformation that will breathe new life into this community. Known locally as Television Centre, the development benefits from a strong legacy and cultural heritage unseen in other competitive developments, with the potential going forward to create a new legacy of its own.

Expertise

Greater London has a current shortage of housing, a problem which is compounded by a large population growth rate. The demand for London housing, particularly in areas with excellent transportation connections, underpins values and the sales rates required to support new large scale housing development such as Television Centre. AIMCo, in a joint venture with Mitsui Fudosan and Stanhope, purchased Television Centre in 2012 from the British Broadcasting Corporation with development initiated in 2015.

Investment Characteristics

• 13.7 acre site, a rarity in London, provides opportunities to create a special environment that adds to the livability and attractiveness of the development
• Development Plan provides for 950 homes, 519,000 square feet of office accommodation, a 47 room boutique hotel, and other retail and leisure uses such as restaurants, cafes, cinemas, and service oriented retail.
• Construction of Phase I of the development commences in summer 2015.
• BBC Worldwide and BBC Studios and Post Production will return to portions of the site by 2017, continuing the long BBC tradition at this location.

Deal Team

• 

  Micheal Dal Bello

  Senior Vice President,
  Real Estate

• 

  Michael Fitzgerald

  Director,
  Head of London Office

• 

  Ian Woychuk

  Director,
  Real Estate

• 

  Pierre-Michel Edmond

  Senior Analyst,
  Real Estate

• 

  Jeff Swanson

  Analyst,
  Real Estate

• 

  Brad Cowburn

  Senior Legal Counsel