BT has agreed to sell its London head office building to a private real estate developer for £210 million. BT will lease back the facility for a number of years. The company is expected to announce the location for a new headquarters in the coming months.
BT to consolidate 300 offices to 30
BT Group will consolidate its footprint of more than 300 locations across the UK to around 30. The first eight of these locations are
Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich (Adastral Park), London and Manchester.
BT previously announced plans to exit its St Paul’s headquarters in London and is currently identifying a new home for the business in the capital.
Celllnex acquires BT high towers across UK
Celllnex has acquired the marketing and operation rights for 220 high towers from BT for the next 20 years. The deal was valued at £100 million.