City of London signs off site for CNBC studio
The City of London Corporation has signed off plans that could see US business news TV channel CNBC set up a new studio in the Square Mile.
The corporation has approved a change of use plan at Crosby Group’s 10 Fleet Place, EC4, which will see the vacant ground floor and mezzanine levels intended for retail space turned into a 2,650 sq ft live broadcasting studio for the channel.
The NBCUniversal-owned channel leases a floor at the Addington Capital-managed building as its European headquarters, which it has shared with sister channel Sky News since 2019, but has planned to move out.
The City of London Corporation has signed off plans that could see US business news TV channel CNBC set up a new studio in the Square Mile.
The corporation has approved a change of use plan at Crosby Group’s 10 Fleet Place, EC4, which will see the vacant ground floor and mezzanine levels intended for retail space turned into a 2,650 sq ft live broadcasting studio for the channel.
The NBCUniversal-owned channel leases a floor at the Addington Capital-managed building as its European headquarters, which it has shared with sister channel Sky News since 2019, but has planned to move out.
A planning statement from Rolfe Judd Planning said discussions between the landlord and CNBC about remaining at the building and developing a new studio “are at an advanced stage” but added that “owing to the particular type of land use operation proposed, there is a desire from both parties to have greater clarity that the proposed land use is indeed permissible to the premises”.
“Securing the tenancy of CNBC is a significant vote of confidence in the City of London as a centre for media and business broadcasting,” the team at Rolfe Judd said.
“The proposed live broadcasting use, complemented by the identification of CNBC as tenant, is of significant importance to the City, recognising its national and international business importance. The live broadcasting provides an active use at the ground floor of the building, while promoting London as a centre for business during broadcasts.”
Approving the plans, City of London Corporation planning officers said in their report: “This prominent corner location will allow for news broadcasts to feature live backdrops of Fleet Place public square. The loss of retail space is considered acceptable as the unit currently remains vacant, this addition will provide a positive visible presence of occupation and add vitality to the public courtyard.”
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