Land Securities Group’s property outsourcing business Land Securities Trillium has granted an option to the BBC for the acquisition of the recently completed Media Village in White City, W12.
The BBC has told Trillium that the option will be exercised upon successful completion of a bond issue now being marketed on behalf of a prospective new landlord in order to enable the BBC to take a long leasehold interest in the site.
If the BBC does acquire the site, Land Secs said it would reduce the annual unitary charge it receives from the BBC, but did not disclose any figures.
The Media village comprises five building designed by Allies and Morrison.
References: EGi News 11/03/05
