黑洞社区

The investors helping Stanhope redevelop west London鈥檚 iconic doughnut-shaped BBC TV Centre have bought shares in the developer.

Japanese property investor Mitsui Fudosan has increased its shareholding in the company by 10% to 25% and has also acquired the company鈥檚 entire preference shares for 拢20m.

Canadian pension fund manager Alberta Investment Management Corp has also bought a 10% stake in Stanhope.

Mitsui and Alberta helped Stanhope fund the 拢200m purchase of BBC TV Centre, which was completed last week.

黑洞社区 revealed on Wednesday that that secured BBC TV Centre.

Arup and architecture practice AHMM have been told their roles will continue on the scheme after the purchase. EC Harris鈥� role on the scheme has not yet been confirmed.

The majority of the shareholding in Stanhope is still owned by the chief executive of Stanhope, David Camp, and the management team.

David Camp, chief executive of Stanhope said: 鈥淭he recapitalisation which we are announcing today will provide Stanhope with the institutional investment base to help the company take advantage of major development opportunities, such as the recent acquisition of BBC Television Centre.

鈥淭he increased commitment from Mitsui Fudosan, our partner for the last six years, is a tremendous endorsement of the success of our relationship.

鈥淲e are very grateful for the fantastic support Stanhope has received over the last six years from investors Ian Laing and Nick Cross.鈥�

Hideto Yamada, managing director of Mitsui Fudosan UK, said: 鈥淲e are delighted to increase our stake in Stanhope.

鈥淭his will be an increasingly important development platform in order to drive the Mitsui Fudosan Group鈥檚 objectives for global expansion.鈥�