Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Land Securities Trillium has signed a 30-year contract with the BBC covering property development, financing and facilities management. The White City complex in West London will be extended by 550,000 sf under the agreement.

Trillium will be responsible for facilities management of four million sf of BBC space in London and Scotland. At the same time ownership of the BBC’s White City building and development site in West London will transfer to LS Trillium, and Land Securities will develop 550,000 sf of new space on the site to include a broadcasting and playout centre and additional office buildings.

In return, the BBC will pay Land Securities Trillium £35 million ($51 million) per annum rising to £70 million ($102 million) on completion of the new building.

There is also potential to transfer the management of the remaining three million sf of BBC space to Trillium, and the partners are looking at the redevelopment of Broadcasting House in central London and the new headquarters for BBC Scotland at Pacific Quay, Glasgow.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.