BT has agreed the relocation of its global headquarters from the St Paul’s area of London to a new site in the city’s Aldgate area.
As previously announced, BT has agreed the sale of BT Centre to Orion Capital Managers for £209.6 million. The transaction includes an initial leaseback agreement of 30 months during which time BT will move to its new headquarters in Aldgate.
BT’s new headquarters will be housed in a new fit-for-purpose building, developed and owned by Aldgate Developments, and will be adaptable to suit the business’ changing needs.
BT’s current offices in St Paul’s were purpose-built and completed in 1985, one year after the company’s privatisation. BT expects to complete the move to its new offices by the end of 2021 at which point the site in Aldgate, currently called One Braham, will be renamed.
Philip Jansen, Chief Executive, BT
We’ve been headquartered in BT Centre for nearly 35 years and we’ve been looking for a building in central London that will be the home of BT for the next 35 or more. The 18 floors of our new headquarters will do just that.
