ITV PLC has sold the iconic London Television Centre on the South Bank to Mitsubishi Estate London Limited in an all-cash transaction for £145.6 million ($187.3 million).
Completion is expected to occur by the end of November.
The studios were the home of morning television staples, including This Morning, Lorraine, and Good Morning Britain.
Part of the proceeds from the sale will go in part toward reducing ITV’s “net debt”.
