Fountain Studios in Wembley are reportedly being demolished and turned into flats after their current owners have decided to sell up.
The studios have been placed on the market for a cool £16 million. Get West London report that Avesco Group plc, which owns the buildings, have sold them to property developers Quintain.
The building has seen more than shows like The X Factor and Britain’s Got Talent, they’ve also been home to The Voice UK, All Star Mr & Mrs and The Cube too.
The chairman of Avesco Group plc, Richard Murray said the following on the development of the location: “Fountain Studios and its outstanding team of people have a long and proud history of television programme making in Wembley and the studios have over the years been home to many very successful television shows.
“However, the physical constraints of the Wembley site have limited Fountain’s ability to grow, while at the same time property values in Wembley have increased substantially.
“The disposal of the Fountain site will enable the group to reduce its net debt to very modest levels and, as a board, we believe that a far better return on capital is now available from investment in other parts of the group where there are greater opportunities.”
Britain’s Got Talent is still expected to broadcast from the Wembley studios as usual later this year, although it could be there last.