BT to sell global headquarters for $260.2 mln

Credit: REUTERS/TOBY MELVILLE

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).

July 17 (Reuters) - Britain's BT Group BT.L 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)

((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 223 3403; outside U.S. +91 80 6749 3403; Reuters Messaging: shashwat.awasthi.thomsonreuters.com@reuters.net))

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