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.
“The Better Workplace Programme is about bringing our people together in brilliant spaces, and transforming the way we work,” BT Group chief executive Philip Jansen said. “Revealing these eight locations is just the first step; we have dedicated teams working on identifying the best buildings to move into and which ones to redesign for the future. As a result of this programme, BT people will be housed in inspiring offices that are better for our business and better for our customers.”
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.
Cellnex operates 45,000 wireless communications towers and sites in Spain, Italy, Netherlands, France, Switzerland and now the UK. The company closed the 2018 financial year with revenues of € 901 million (up 14%) and EBITDA of € 591 million (up 18%). Cellnex is based in Barcelona.
