BT is set to release half of one of its main central London offices to the market.
The telecoms giant occupies most of the 150,000 sq ft (13,935 sq m) 120 Holborn, EC1, building, but is looking to release 80,000 sq ft of it.
It is believed to have instructed Midtown specialist Farebrother to advise it on how to dispose of its lease for the three floors, which were originally earmarked for occupation by management and a subsidiary company.
The building was sold to a private client of Michael Elliott by CIT last year for around £110m.
A source close to BT said: “BT will stay in the rest of the building and maintain its presence in its Newgate Street HQ.”
See Saturday’s Estates Gazette for the full version of this story.
EGi News 22/03/02
