Global Cost Cutting – BT Group Confirm London HQ Move to Aldgate

Telecoms giant BT Group has confirmed that their global headquarters will move from its building near St Paul’s in London to a new 18 floor base in the city’s Aldgate district by the end of 2021. Meanwhile the old HQ building is being sold for £210m to private equity firm Orion Capital Managers.

At present the operator is conducting a significant internal restructure, which among jobs losses has also resulted in them looking to withdraw from a number of their global businesses (more may be coming). Instead the operator appears to be refocusing on its UK operations, including their wider rollout of “full fibre” (FTTP) broadband to ISPs (Openreach) and 5G mobile (EE) services.

The CEO of BT Group, Philip Jansen, said: “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. 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.”