BT Slashing Office Portfolio, New Key Locations Announced

BT Plc has announced its first new key office locations as part of a plan to reduce its office portfolio from 300 to just 30 UK offices.

Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich (Adastral Park), London and Manchester are to be the first eight new key locations for the group. The company has already announced that it is to close its St Paul’s, London, HQ and is currently looking for a new base in the capital. 

BT says the move is part of its ‘The Better Workplace Programme’ to improve and consolidate its workplaces across the UK into modern, future-fit buildings.

“The Better Workplace Programme is about bringing our people together in brilliant spaces, and transforming the way we work,” BT Group chief executive Philip Jansen said. “Revealing these eight locations is just the first step; we have dedicated teams working on identifying the best buildings to move into and which ones to redesign for the future. As a result of this programme, BT people will be housed in inspiring offices that are better for our business and better for our customers.”

Whatever the company’s reasons for the move, the size and scale of it could have significant implications for the commercial market in many UK towns and cities. Most of the new key locations already have ‘hot’ commercial markets, with very much the reverse applying in many of the locations the company is set to vacate.

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Source BT Plc
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