This content is not available in your region

BT picks new home in London's Aldgate area

Access to the comments Comments
BT picks new home in London's Aldgate area
FILE PHOTO: British Telecom (BT) headquarters is seen in central London on May 10, 2018. REUTERS/Hannah McKay   -   Copyright  Hannah Mckay(Reuters)
Text size Aa Aa

(Reuters) – Britain’s BT Group Plc <BT.L> said on Monday it will relocate its global headquarters from the St Paul’s area of London to a new site in the city’s Aldgate area.

BT said last week it would sell its St Paul’s headquarters to a fund managed by European private equity firm Orion Capital Managers for 209.6 million pounds.

The former telecoms monopoly has been based at the BT Centre, near St Paul’s Cathedral and the London Stock Exchange in the City of London since it was privatise in 1984.

BT’s new headquarters will be housed in a new fit-for-purpose building, developed and owned by Aldgate Developments, the company said.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.