ITV scraps South Bank development

Broadcaster ITV has scrapped plans to redevelop its iconic South Bank headquarters, instead opting to sell the site.

The FTSE 100 firm, which had been on the South Bank for four decades, vacated the London Television Centre site last year to let construction start on a major new project.

A new HQ was planned that ITV would part-fund by selling space for a 31-storey block of flats to a housebuilder (PR August 2018). ITV bought the site in 2013 for £56m and had hired Knight Frank to sell...

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