BT Tower sold to hotel group

BT Group has announced it has sold the BT Tower to MCR Hotels for £275 million.

The network operations that were provided from BT Tower are now delivered via BT Group’s fixed and mobile networks, with the tower’s microwave aerials removed more than a decade ago.

The company’s media and broadcast business then used the site as one of its key global interchange points for live television. However, the media and broadcast division has now migrated services onto its cloud-based platform.

Brent Mathews, property director, BT Group said, “The BT Tower sits at the heart of London and we’ve been immensely proud to be the owners of this important landmark since 1984.

“It’s played a vital role in carrying the nation’s calls, messages and TV signals, but increasingly we’re delivering content and communication via other means.

“This deal with MCR will enable BT Tower to take on a new purpose, preserving this iconic building for decades to come.”

The BT Tower is a grade II listed communications tower located in Fitzrovia, London. The main structure is 177 metres high, with a further section of aerial rigging bringing the total height to 189 metres.

The sale of the tower forms part of a wider strategy by BT Group to simplify its operations and lower costs across the company. The strategy will see the number of offices in BT’s estate reduced from more than 300 to around 30.