BT Sells London HQ to Raise £200m

FTSE 100 telecoms firm BT has agreed to sell its London headquarters to a European property fund for around £210 million 

James Gard 17 July, 2019 | 10:55AM

BT headquarters

FTSE 100 telecoms firm BT (BT.A) has agreed to sell its London headquarters for around £210 million to a European property fund.

The deal with Orion European Real Estate Fund allows the firm to lease back the building for 30 months while it finds a new HQ.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BT Group PLC111.32 GBX1.20

About Author

James Gard  is content editor for Morningstar.co.uk

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