BBC tenders Maida Vale development contract
Wed 29th May 2013, 11:23 am
The BBC is inviting firms to bid for a development contract of the 0.54 hectare BBC Maida Vale recording studios.
According to the notice in the Official Journal of the European Union, the estimated value of the contract for the freehold site ranges between £15 million and £40 million.
The description of the contract says: "The existing studio building requires major investment to bring it up to a modern standard, so the BBC is considering its options.
"It is anticipated that shortlisted applicants will provide proposals that will provide for a mixed use residential and studio development on the site to include the BBC's studio requirements such that the value generated meets or is greater than the cost of the providing the new or refurbished studio building to a fully serviced shell and core basis.
"The BBC will fit out the interior of the building including the studios and ancillary office areas including the provision of studio facilities on a new site."
The BBC and developer Stanhope also this week announced their plans for a major mixed-use redevelopment of West London's Television Centre, including an office and studio for the BBC.
The site was bought by Stanhope in July 2012.