BT to sell global HQ for ?209.6m

(Sharecast News) - BT has agreed to sell its global headquarters, BT Centre, to a fund managed by European private equity firm Orion Capital Managers for £209.55m.
The sale of the 300,000 square foot office includes an initial leaseback agreement of 30 months during which time BT will move its HQ to a new London location.

The sale is part of BT's previously announced wide-ranging business transformation programme.

The company said it expects to announce details of its new HQ shortly.