http://www.theverge.com/2013/1/18/38...s-cross-londonGoogle is building its new UK headquarters in central London. The company this week purchased a 2.4-acre plot in the King's Cross Central development, where it will begin construction on a new, 1 million square foot office. Google did not disclose an official price for the land, though a source close to the deal told Reuters that the company is investing £650 million ($1.04 billion) in the project. By the time construction is completed in 2016, the building is expected to be valued at more than £1 billion ($1.6 billion).
"This is a big investment by Google," Matt Britin, Google's VP for Northern and Central Europe, said in a statement. "We're committing further to the UK — where computing and the web were invented. It's good news for Google, for London, and for the UK."
Construction on the new headquarters will begin in late 2013, and the building will range from seven to eleven stories in height. The company plans to fully relocate to the complex in 2016. Currently, Google's UK operations are based out of offices in London's Victoria district, where property values are comparatively higher. The company renovated its Victoria offices only a few months ago, so its move to King's Cross is likely part of an effort to consolidate and expand its operations, rather than a cosmetic upgrade.
This should be great for Google and for the UK. Should bring a bit of money in.
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Google buys $1 billion plot of land for new central London HQ
Chippiewill.
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18-01-2013, 10:03 PM #2
That's wonderful. Can't wait to see it when it's finished.
Originally Posted by Chippiewill
A big investment nonetheless, hope it doesn't backfire. Not that it will.
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woooooo! team uk!
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18-01-2013, 10:17 PM #4
Habbox Merit
Ex Assistant General Manager (Community)
Such a massive investment but great for the UK, will look forwards to seeing it when its done
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It's actually very good for Google as Google UK is using their own funds so they don't have to pay american tax at all.
Should bring in loads of jobs for construction and at Google. I'm curious what they'll name it, since they already have the Googleplex in California.Chippiewill.
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