for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

BT to sell global headquarters for $260.2 mln

July 17 (Reuters) - Britain’s BT Group on Wednesday said it will sell its global headquarters to a fund managed by European private equity company Orion Capital Managers for 209.6 million pounds ($260.2 million).

The sale of the 300,000-square-foot office, based in central London, includes a 30-month leaseback agreement during which the company will move its headquarters to a new location in the capital, the British telecom giant said.

$1 = 0.8057 pounds Reporting by Shashwat Awasthi in Bengaluru, Editing by Sherry Jacob-Phillips

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up