BP sells Sunbury office building for 360 million pounds - industry sources

LONDON (Reuters) - BP has sold its biggest office building in Britain to a local council for an estimated 360 million pounds, according to industry sources, and will remain in the premises as a tenant. Spelthorne Borough Council, west of London, said in a statement it had purchased the Sunbury-on-Thames facility from the British oil and gas giant as a way to boost revenue streams. It did not state the price it paid. Under the terms of the agreement, BP will remain as a tenant at the Sunbury site, where it employs around 3,000 people, leasing back the offices for a minimum period of 20 years. A BP spokesman confirmed the sale but declined to comment on the price. The site houses BP's global business as well as its research and development business. (Reporting by Ron Bousso; Editing by Alexandra Hudson)