News International hunts buyers for Wapping newspaper site

News International has marked the end of an era as it kicked off the sale of its Wapping premises, according to the <i>Financial Times</i>.

The newspaper company, which publishes top-selling tabloids The Sun and News of the World and quality paper The Times, has been based in Wapping in East London since it moved out of Fleet Street in the 1980s.

Commercial property agents Jones Lang LaSalle is reportedly preparing to send sales packs this week containing details of the site to interested parties. It is expected the facility could make way for residential development.

News International, which is the UK newspaper business of Rupert Murdoch's News Corp, is currently looking for a new London headquarters, with Canary Wharf or Waterloo the favoured options.

The printing is shifting to three new sites throughout the UK – in Knowsley, near Liverpool, Broxbourne in Hertfordshire and Eurocentre in Motherwell, Scotland.

A £600m investment in MAN Roland kit has formed the foundation of the company's push into full-colour printing.