BT has agreed the sale of its global headquarters in London to a private equity firm for almost £210 million as part of a broader costcutting drive.
The FTSE 100 telecoms group said that the deal with a European real estate fund managed by Orion Capital Managers included an initial leaseback agreement of 30 months “during which time BT will move its headquarters to a new London location”.
BT has agreed the sale of its global headquarters in London to a private equity firm for almost £210 million as part of a broader costcutting drive.
The FTSE 100 telecoms group said that the deal with a European real estate fund managed by Orion Capital Managers included an initial leaseback agreement of 30 months “during which time BT will move its headquarters to a new London location”.
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