Business
BT to move its HQ to new premises in London
BT to move its HQ to new premises in London.
About this update from Bt Group Plc
[{"type":"text","content":"\n \nRNS Number : 2691G BT Group PLC 22 July 2019 \n\n22 July 2019\n \nBT to move its HQ to new premises in London\n \nBT 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. The move forms an important part of 'The Better Workplace Programme', BT's three-to-five-year programme to improve and consolidate its workplaces across the UK.\n \nAs previously announced, BT has agreed the sale of BT Centre to Orion Capital Managers. The transaction includes an initial leaseback agreement of 30 months during which time BT will move to its new headquarters in Aldgate. \n \nBT'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. \n \n\"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,\" said Philip Jansen, Chief Executive of BT. \"Between now and moving into the building we'll be working with architects, designers and - most importantly - our colleagues, to make sure it's the home the business wants and needs. \n \n\"The relocation of our global headquarters is a symbolic move but really it's the tip of the iceberg; we are currently embarking on one of the largest workplace transformation programmes the UK has ever seen. The Better Workplace Programme is going to take a lot of hard work but it will have a huge and positive impact on BT's working culture, our productivity and, ultimately, our ability to serve our customers.\" \n \nBT's current offices in St Paul's were purpose-built and completed in 1985, one year after the company's privatisation. Since then, the immense changes within BT and technological advancements across the industry have left the building no longer fit-for-purpose. BT's deal with Orion Capital Managers and subsequent move to brand new offices in Aldgate will provide business continuity and the opportunity to significantly upgrade the current working environment. \n \nPaul Molloy, Leasing Director for Aldgate Developments, said: \"Aldgate Developments and our partners are delighted to welcome BT to One Br...