BP to market Anchorage headquarters - May 29, 2016

Providing coverage of Alaska and northern Canada's oil and gas industryMay 2016

Vol 21, No. 22

Week of May 29, 2016

BP to market Anchorage headquarters

BP has decided to market its Anchorage office building, selling it and leasing it back from a buyer.

A BP spokesperson said the company has “no plans to move out of the Anchorage building. Marketing the building will be a “real estate transaction” and the company will become tenants rather than owners of the building, which was opened in 1985.

BP said that selling the building and leasing it back “will reduce costs and free up capital, allowing BP to focus on its core business.”

The BP Energy Center is not included in the marketing efforts. The BP Energy Center provides meeting rooms, free of charge, to hundreds of Alaska community groups, BP said.

- Petroleum News

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