After a Russian consortium bought the freehold for more than £60m in 2006, QVC decided not to renew its lease when it expired in 2012, citing expansion as the need to move. The channel looked for an alternative location – including in several cities in the North of England – for its 500 head office staff and studio centre. The channel's management ended broadcasting from the studios on 7 June 2012 and moved to a new studio complex at
Chiswick Business Park, in West London. Press reports suggested that the architecturally and structurally sound Marco Polo House would be demolished, and replaced with a 12-storey luxury residential development, which was later revealed to be called Vista, designed by Scott Brownrigg. Marco Polo House's architect Pollard told the ''
Architects' Journal the plan was a move towards a "lower grade of architecture", adding: "Marco was a fun building. It was quite an iconic at the time and some people still say it is." Other critics said it was "Postmodern nonsense". The Architects' Journal''s
Merlin Fulcher told London's
Evening Standard: "The new scheme looks decent, but it's always a shame to see an iconic structure knocked down, especially one that symbolises Eighties post-modernism so well." The building was in a serviceable state and had not reached the end of its life. It was used by
Crisis At Christmas (as The Gate) to house the homeless over the Christmas 2013 period. Although the property was still available to let in December 2013 and classed as "modern TV studios/offices" by estate agent The Lorenz Consultancy, hoardings advertising Berkeley's replacement 'Vista' development were in place in January 2014. It is assumed that by this time internal soft-stripping had started. By 8 March 2014, exterior demolition had begun. As of the end of April 2014, the entire 'Marcopolo' side had been demolished, with the central glass atrium being eroded from the central lift areas outward; demolition of the 'Chelsea Bridge' side then proceeded from the inside, leaving the exterior walls and an empty shell until last. Due to the low-rise nature of the building, the demolition was carried out using several Komatsu, Volvo and Hitachi high-reach excavators and breakers, meaning that the deconstruction of the building was visible to the public and passengers on train services to and from London Victoria passing the site. The demolition contractor was
Laing O'Rourke. Its demolition left Homebase Kensington as the last iconic Ian Pollard postmodern structure in London which, as of 2019, has also been demolished. Several former workers for the various companies which had resided at the building in its heyday, including journalist
Jeremy Vine, expressed their sadness at the loss of the structure, with Vine calling it "symbolic" and stating that he was "amazed" that it had happened. ==In media==