Congratulations to the Builders of BBC Belfast; they seem to have reversed Auntie's property policy, securing a £77m investment over five years to re-shape and re-equip their existing headquarters on Ormeau Avenue. "Freehold" is the key word; all other BBC property moves of the past twenty years have involved lease-back deals, not unlike PFIs, of 30 years or so, with builder/developers/bondholders enjoying rents from the licence-fee. .
"Investing in its existing freehold site provides the best value for money, enabling it to transform the building to meet its audience needs and technology and staff requirements in the most cost-effective manner."
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