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DCMS APPROVES BBC MOVE

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The BBC has taken a major step towards securing a widescale reworking of its properties by securing the approval of culture secretary Tessa Jowell for bringing a private sector partner on board. The Department for Culture told the AJ that Jowell has approved of the joint venture after assurances that it is in line with the BBC's core values. Under the £500 million deal, the BBC's preferred bidder, Land Securities and Trillium, run and develop the corporation's 750,000m 2property portfolio (AJ 2/9.8.01). The plan now goes to the BBC governors and chairman for approval, and staff are also being consulted.

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