BBC executives will propose property sales to make up the £2bn shortfall in funding left by a below-inflation licence fee settlement. Financial Times

Television Centre, the corporation’s west London headquarters, is to be sold, as will Woodlands, a nearby office housing BBC Worldwide, the commercial division.

The BBC is understood to have received expressions of interest from developers. Television Centre’s value is estimated at between £100m and £200m.

Affected staff will be moved into Broadcasting House, the art deco central London office that has undergone a £800m refurbishment, or the media village being constructed in Salford, near Manchester.

Mark Thompson, the director-general, will present his plans at a meeting of the BBC Trust, the body that took over from the board of governors in January.