TapTechNews September 26th news, Intel released an announcement on September 17th, elaborating on Intel's preparations for the next stage of transformation. In addition, Intel also mentioned the content of cost reduction and efficiency increase, including selling about two-thirds of the real estate assets held by the end of the year.
Intel has now commissioned the commercial real estate agency company Colliers to sell its European headquarters located in Swindon, England at a price of £8.5 million (TapTechNews note: currently about 79.774 million yuan).
Data shows that this office is located at Piper's Way, SN31RJ in Wiltshire, built in 1982, and currently about 1,000 Intel employees are working here, covering an area of 12.87 acres, and there is only 187,000 square feet (about 17,372.87 square meters) of office space.
Intel is also seeking short-term sale and leaseback disposal of the headquarters, and plans to lease back in three-month installments starting from January 31, 2025, and will lease for at least 18 months, and the lease rent is £1,905,660 per year (currently about 17.885 million yuan).
Colliers said that the repositioning and development opportunities will include alternative uses such as residential and data centers and industries, and the company believes that this plot is suitable for a variety of development opportunities, such as residential, data centers and industrial areas.
Although no official guide price is provided, market sources told CoStarNews that they expect this building can be sold for £9 million (currently about 84.467 million yuan).
An Intel spokesperson responded to Adver: We are transforming our global real estate strategy to focus on fewer and more densely populated areas and eliminate underutilized spaces. This approach will promote greater in-person collaboration at our largest sites while saving costs for the company. We remain focused on meeting local market demand and supporting the growth of customers and partners.
Related reading:
Intel CEO Announces the Most Important Transformation in 40 Years: More Than 7,500 Employees Have Left, and Plans to Significantly Cut Real Estate by the End of the Year