Home » Commercial » BBC sells Woodlands site to Imperial College London

BBC sells Woodlands site to Imperial College London

The site – which will create new teaching, research and administrative facilities for Imperial College London – was sold for £28million.

The site forms part of the area covered by the BBC’s vision for Creative London, a new creative industries quarter for London.

The BBC is working in partnership with landowners to build on the area’s existing strengths and bring about the economic development of the White City area.

Chris Kane, Head of BBC Workplace, said: "For an education and research institution of the quality of Imperial College London to expand within W12 is a great boost for our Creative London vision and is a clear demonstration that, even in the most difficult of property markets, good sites – as part of a wider well-thought through proposition – will attract investment from the top players.

"We are delighted to have achieved a sale which offers good value for our licence fee payers. The new occupier shares the BBC’s values, reinforces the innovative and creative culture of the area and offers potential partnerships for the future."

Dr Martin Knight, Chief Operating Officer of Imperial College London, said: "This purchase is an investment in Imperial’s future growth and development.

"The acquired site, so close to our existing West London campuses, will allow us to create new teaching, research and administration facilities. It will also allow us to extend provision of quality affordable student accommodation, particularly for postgraduates.

"And we very much look forward to collaborating with the BBC on research and other projects."

Have your say on this story using the comment section below