LONDON, Sept 29 (Reuters) - BP has sold its biggestoffice building in Britain to a local council for an estimated360 million pounds ($468 million), according to industrysources, and will remain in the premises as a tenant.
Spelthorne Borough Council, west of London, said in astatement it had purchased the Sunbury-on-Thames facility fromthe British oil and gas giant as a way to boost revenue streams.It did not state the price it paid.
Under the terms of the agreement, BP will remain as a tenantat the Sunbury site, where it employs around 3,000 people,leasing back the offices for a minimum period of 20 years.
A BP spokesman confirmed the sale but declined to comment onthe price. The site houses BP's global business as well as itsresearch and development business.
($1 = 0.7695 pounds) (Reporting by Ron Bousso; Editing by Alexandra Hudson)
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