Vodafone HQs in England were sold to Iqon Capital
Vodafone HQs in England were sold to Iqon Capital
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Vodafone HQs in England were sold to Iqon Capital

Vodafone sold the property as part of a sale and leaseback transaction for four long-term UK head office properties.
RE+D magazine
25.01.2023

Vodafone Group Plc sold the headquarters it’s held for decades in Newbury, England, and will rent just over half of the site’s premises back as it downsizes and cuts costs.

Iqon Capital agreed to buy the total of seven buildings known as “The Connection” on behalf of Aljazira Capital for an undisclosed figure, it said in a statement on Tuesday according to Bloomberg.

Vodafone sold the property as part of a sale and leaseback transaction for four long-term UK head office properties.

The campus comprises seven office buildings that have served as Vodafone's UK headquarters since its construction in the early 2000s. The seven properties have a net floor area of 45,226 sq m. and are located on 38 acres of land.

From 2022, Vodafone has implemented a new flexible working model for its 10,000 employees in the UK, which includes a combination of telecommuting and working in physical office space. The remaining three properties will be completely renovated into high-quality workplaces.