Virgin Media O2 is to close its two main sites in Hammersmith and Slough in favour of a new state-of-the-art UK headquarters in Paddington Central.
The company, created through the combination of Liberty Global’s Virgin Media with Telefonica’s O2 has conducted a comprehensive review of its property portfolio.
Hammersmith and Slough will close by the end of next year with staff being based both in Paddington and the existing Virgin Media O2 office in Green Park, Reading.
The company is not looking to reduce headcount due to the Slough office closure, which is planned to take place in June.
A lease for the new HQ building at Paddington Central’s 3 Sheldon Square has been agreed upon with the developer, British Land, with a bespoke fit-out expected to start later this year.
“Our new fully connected and purpose-built London HQ not only meets the needs of our people but also our stringent environmental criteria. Ideally situated in an easily accessible and bustling area, and is just a short journey away from our Reading hub, means this new site will give our people and the business the space we need for future success,” said Patricia Cobian, Virgin Media O2’s Chief Financial Officer.
Virgin Media O2 has published its 2022 financial results today – its first full-year results since the business was formed on 1 June 2021. The full-year figures show customer growth across both fixed and mobile in 2022 with 27,000 fixed net adds and 142,000 Mobile contract net adds, as well as a growing converged customer base with 1.3 million people now taking a Volt bundle.
