1st Apr 2016 09:15
LONDON (Alliance News) - Pay television group Sky PLC is set to sell its headquarters and studio in west London for GBP545.0 million, The Daily Telegraph reported.
Sky has instructed agents at BNP Paribas Real Estate to find a buyer for the site in Osterley, which Sky will then rent back under an anticipated 30-year deal.
Much of Sky's news and sports programmes are produced at the site, in addition to it being the location of its main office.
http://www.telegraph.co.uk/business/2016/03/31/sky-to-sell-545m-west-london-home/
Sky shares were down 2.7% at 996.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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