BT to sell global headquarters for $260.2 million

(Reuters) - 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 ($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.

(Reporting by Shashwat Awasthi in Bengaluru, Editing by Sherry Jacob-Phillips)