The BBC has begun talks for a major development opportunity at its iconic Maida Vale studios, W9, home of the recording sessions made famous by the late DJ John Peel.
It has appointed Lambert Smith Hampton to approach developers that may be interested in revamping the 1.1-acre site.
The complex of seven studios on Delaware Road, one of the earliest BBC premises, has been under threat of closure by BBC management owing to the need for costly repair work. It has also been subject to noise complaints, restricting operational hours.
A BBC spokesman said: “The existing studio building requires major investment to bring it up to a modern standard, so we are considering our options. The BBC wants to continue to use the building and is looking for the right organisation to help realise our ambitions.”
It is understood the BBC wants to increase the height of the 66,000 sq ft asset to improve the acoustics, while offices and flats could be built within or around the property.
However, several housebuilders have already been eyeing the opportunity, including Kier Property. They believe that a residential redevelopment of the studios would yield high rents.
Options being considered by the BBC include selling the site to fund the studio refurbishment and signing a long-term lease with a new owner.
One source said: “Planners have already said the frontage of the historic building would have to remain, but behind that developers can cut and carve as they like. It is an exciting and iconic project.”
LSH stays tuned in
The BBC has retained Lambert Smith Hampton as its property adviser. The agent has signed a new three-and-a-half year contract with the broadcaster, continuing its 18-year partnership. LSH will help rationalise and deliver cost savings across the BBC’s 6.2m sq ft estate across 367 properties.
joanna.bourke@estatesgazette.com
