23 February 2024
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AG advises BT on sale of London's iconic BT Tower

Addleshaw Goddard (AG) has advised BT Group on the sale of the iconic BT Tower in London to US group MCR Hotels for £275m.

The 600ft tower, which was at one point the capital's tallest building, is due to be converted into a hotel by the buyer.

BT Group will decommission all broadcasting elements of the tower and its listed features will be preserved.

Originally known as Post Office Tower, the building was opened in 1965 by then Prime Minister Harold Wilson and once featured a popular revolving restaurant which was open to the public.

The deal is one of a number of major real estate deals AG has advised BT Group on in recent years. This includes the sale of BT Group's HQ building in St Paul's and its subsequent relocation to Aldgate.

In 2023, BT Group announced that AG would be automatically reappointed to its legal panel in recognition of the firm's outstanding commitment to diversity, equity and inclusion (DEI).

The AG team advising on the sale of BT Tower was led by Miles Ede (Partner, Real Estate) and included Nicola Winchester (Legal Director, Real Estate), David Harvey (Associate, Real Estate), Robbie Kennedy (Trainee Solicitor), Marnix Elsenaar (Partner, Planning), Mike Hunter (Partner, Tax), David Hughes (Partner, Employment) and Dima Talja (Associate, Competition).

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