MCR to acquire BT Tower from BT Group for £275m.

MCR, an international hotel owner-operator company, agreed to acquire BT Tower, a distinctive building located in London, from BT Group, a telecommunication and network provider and a provider of global communications services and solutions, for £275m. “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,” Brent Mathews, BT Group Property Director.