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"The BBC has confirmed the exchange of contracts relating to the sale of its West London Television Centre building. The corporation will sell the building to property developers Stanhope Plc for a sum in the region of \u00A3200 million, the BBC confirmed in a statement. &amp;quot;Contracts were exchanged on Saturday 14 July 2012. Full details of the sale will be available on completion,&amp;quot; it said. &amp;quot;The BBC put Television Centre on sale in June 2011 and has operated on the site since 1960.&amp;quot; Newsnight host Jeremy Paxman expressed his opposition to the sale early this year. The BBC had first announced plans to sell the 14-acre Television Centre freehold site in 2007 and appointed commercial property consultants Lambert Smith Hampton in November 2010. A key objective of the sale was stated as the maximisation of the value of the site to the corporation and the licence payer. Other factors taken into account were the possibilities for preserving the key listed elements of the building while redeveloping the site as a visitor destination and business hub. Stanhope is currently working on 17 projects with partners including BSkyB and the Crown Estate.  It has ten million square feet either under construction or in its pipeline, including 3,700 residential units. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/media/news/a393518/bbc-to-sell-television-centre-for-around-200-million/>