Beacon Capital Partners, a US equity firm has appointed Jones Lang LaSalle to sell 200 Grays Inn Road – The headquarters of ITN.
Beacon declined to comment on the restructuring. At Gray’s Inn Road, Beacon has put ITN’s headquarters, where Channel 4 News and ITV News at 10 are filmed, up for sale for £140m – a 6.2% yield. The 282,000 sq ft, Foster & Partners-designed building produces rent of £8.9m a year, or £30/sq ft, and has 12 years remaining on the lease.
Andrew Hawkins, a director in JLL’s City investment team, said: “This is an iconic building with generous floorplates, which is being sold for less than replacement cost. Midtown outperformed the City last year and the building is being offered off very low rents.”
Jonathan Wills leaves ITV News Anglia – Best Bits
ITV and Christine Talbot today announced she is to leave Calendar at the end of June. Christine started her career as a journalist in local papers, then worked for the BBC before joining Yorkshire Television in 1993 as a reporter… Read more
The BBC, ITV and Sky News will broadcast live coverage of the ceremonial funeral of HRH The Duke of Edinburgh from Windsor this afternoon. Her Majesty The Queen, together with other members of the Royal Family will attend the funeral… Read more