The British Broadcasting Corporation (BBC) has put its Television Centre in London up for sale, The Wall Street Journal reports. The U.K. media corporation is likely to raise around £300 million from the sale of the building.
The move is part of BBC’s plan to cut its property holdings by 30%, adds Reuters. BBC will also consider joint-venture proposals. A BBC subsidiary Studios & Post Production manages the Television Centre and is expected to continue operating it even after the sale. BBC expects to fully vacate the site by 2015.
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