Friday 9 December 2016

News International to sell its Wapping site

Katie Hodge

Published 05/09/2011 | 15:04

News International is to sell its Wapping site, the newspaper publisher said today.

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Its stable of titles will be entirely relocated to its neighbouring Thomas More Square base, in east London.

In a statement, the company said "current market conditions" led to a decision "not to proceed with re-modelling the Wapping site".

It said: "News International today announces it is putting its Wapping site up for sale.

"The decision to sell the 15-acre site follows a review of News International's London property portfolio.

"The majority of News International's Wapping-based editorial and commercial staff have now relocated into Thomas More Square, with the remainder to be relocated by the end of 2011.

"As a result, and in light of current market conditions, News International has decided not to proceed with re-modelling the Wapping site."

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