BT to sell global HQ for £209.6m
BT has agreed to sell its global headquarters, BT Centre, to a fund managed by European private equity firm Orion Capital Managers for £209.55m.
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The sale of the 300,000 square foot office includes an initial leaseback agreement of 30 months during which time BT will move its HQ to a new London location.
The sale is part of BT's previously announced wide-ranging business transformation programme.
The company said it expects to announce details of its new HQ shortly.