BT Group PLC BT sells London HQ (8182F)
17 Julio 2019 - 3:01AM
UK Regulatory
TIDMBT.A
RNS Number : 8182F
BT Group PLC
17 July 2019
17 July 2019
BT sells London HQ
BT has agreed the sale of its global headquarters, BT Centre, to
the Orion European Real Estate Fund V, managed by Orion Capital
Managers, for GBP209.55 million. The deal includes an initial
leaseback agreement of 30 months during which time BT will move its
headquarters to a new London location.
The sale of the 300,000 sq ft office building is part of BT's
previously announced wide-ranging business transformation
programme.
BT expects to announce details of its new headquarters
shortly.
- Ends -
Enquiries
Press office:
Tom Engel Tel: 020 7356 5369
Investor relations:
Mark Lidiard Tel: 020 7356 4909
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END
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July 17, 2019 04:01 ET (08:01 GMT)
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