British Airways considers selling its headquarters after homeworking switch

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Home Business British Airways considers selling its headquarters after homeworking switch 20-03-2021 12:44 PM Ammon News - British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space. The potential sale of the building, first reported by the Financial Times, could boost the airline’s finances which have been hammered by COVID-19. The building was completed in 1998 at a cost of 200 million pounds ($279 million). The shift to homeworking over the last year has already prompted some of Britain’s biggest companies to make changes to their office footprints. Banking giant Lloyds said it would cut office space by 20% within three years, with HSBC aiming for a 40% reduction.

Home Business

British Airways considers selling its headquarters after homeworking switch

20-03-2021 12:44 PM

Ammon News - British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space.

The potential sale of the building, first reported by the Financial Times, could boost the airline’s finances which have been hammered by COVID-19. The building was completed in 1998 at a cost of 200 million pounds ($279 million).

The shift to homeworking over the last year has already prompted some of Britain’s biggest companies to make changes to their office footprints. Banking giant Lloyds said it would cut office space by 20% within three years, with HSBC aiming for a 40% reduction.

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