The BBC has chosen Land Securities’ Trillium as preferred bidder to supply all of the broadcaster’s property requirements for the next 30 years in a unique deal worth up to £500m.
Both parties will continue negotiations with the aim of going live with the PFI-style property partnership by autumn 2001.
Land Securities and Trillium submitted their original bid under the name ‘2020 Insight’ prior to Land Securities’ acquisition of Trillium in November 2000.
The project initially centres on the provision of a combination of services for the Scottish and London estate, plus a major redevelopment at White City. Future developments are expected to include Broadcasting House and the new headquarters for BBC Scotland at Pacific Quay, Glasgow.
EGi News 22/03/01
