ITV plc has acquired the freehold of the London Television Centre, the company's headquarters and studios complex on the South Bank.
The company has purchased the 2.5 acre site for £56 million from Coal Pension Properties.
If there is any substantial redevelopment of the site in the next 10 years, Coal Pension Properties may receive additional payments up to £6.5 million
Prior to the purchase, ITV was locked into a 56-year lease on the 22-storey tower and studio complex which was purpose built in the early 1970s for London Weekend Television.
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