ITV snaps up £56m South Bank headquarters

ITV has bought the freehold on its London headquarters for a sum of £56m.

The 22-storey tower on the South Bank serves as the broadcaster’s corporate headquarters and hosts shows such as Loose Women.

The 2.5-acre London Television Centre was built in the early 1970s and was previously leased to ITV by Coal Pension Properties, which could earn up to £6.5m extra if ITV redevelops the site.