BT to sell global headquarters for $260.2 million


© Reuters. British Telecom (BT)’s headquarters is seen in central London

(Reuters) – BT Group (LON:) 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.

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.

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