The 300,000 sq ft office block at 81 Newgate Steet, EC1, will be vacated by BT in around 2.5 years
The telecom’s giant is to complete the move into its new office by the end of 2021
The deal includes an initial leaseback agreement of 30 months
The telecoms giant is planning to shrink its office portfolio by 90%
The company plans to consolidate more than 300 of its UK offices to around 30
BT’s circa £210m sale of its headquarters at 81 Newgate Street is understood to have collapsed
The telecoms giant previously hired Cushmans for advice on the possible sale of its current City HQ