ITV confirms London Television Centre sale

Mitsubishi Estate London has exchanged contracts with ITV to buy its former South Bank base at the London Television Centre for £145.6m.

Yuichiro Shioda, managing director and chief executive of Mitsubishi Estate London, said: “The size and South Bank location of this site present a unique opportunity to create something that is truly a destination in its own right.

“While our exact plans for the site are still being finalised, we will be working towards a scheme that contributes to both the local community and cultural focus the area enjoys, and will be seeking an open dialogue