A selection of premium West London buildings that have been designed for modern life sciences, creative and tech businesses could potentially be up for sale.
It has been reported that a range of possibilities, including the sale of White City Place is under review by shareholders. The current owners Stanhope, Mitsui Fudosan and AIMCo have appointed Eastdil to evaluate the options with stakeholders and offer strategic advice.
White City Place is a lively and thriving business district in West London that includes the BBC’s Broadcast Centre (pictured) and a range of ITV Studios along with a range of leading global brands and agencies.
Designed by renowned architects Allies and Morrison, White City Place is made up of buildings including WestWorks, MediaWorks and the Garden House. The area also has a selection of retail, restaurants and gardens. The area has 566,290 sq ft of offices. The Other buildings at White City Place include the Broadcast Centre, Energy Centre and Lighthouse building that is around 400,000 sq ft. The gateway development site is not under review.
Marketing leader, Global Brands Group, is based in the WestWorks building. Other high-end retailers and occupiers include tech companies Attention Seekers and Arts Alliance Media and the global pharmaceutical company Novartis. Yoox-Net-A-Porter and Ralph & Russ.