Edition:
United Kingdom

BT To Sell Global Headquarters For 209.6 Mln Stg


Wednesday, 17 Jul 2019 

July 17 (Reuters) - BT Group PLC ::BT SELLS LONDON HQ.PROPOSED DEAL FOR £209.55 MILLION.SALE OF 300,000 SQ FT OFFICE BUILDING IS PART OF BT'S PREVIOUSLY ANNOUNCED WIDE-RANGING BUSINESS TRANSFORMATION PROGRAMME.DEAL INCLUDES AN INITIAL LEASEBACK AGREEMENT OF 30 MONTHS DURING WHICH TIME BT WILL MOVE ITS HEADQUARTERS TO A NEW LONDON LOCATION.EXPECTS TO ANNOUNCE DETAILS OF ITS NEW HEADQUARTERS SHORTLY.AGREED SALE OF GLOBAL HEADQUARTERS, BT CENTRE, TO ORION EUROPEAN REAL ESTATE FUND V, MANAGED BY ORION CAPITAL MANAGERS. 

Company Quote

158.94
-2.46 -1.52%
23 Aug 2019