Google to develop new HQ in London
January 18 , 2013
Google announced on Thursday it is developing a new UK headquarters estimated to be worth up to $1.6 billion when completed.
Google has purchased a 2.4-acre plot at the Kings Cross Central development, where it will build a 1 million square foot office.
The move marks the latest overseas property deal for the U.S. Internet group. A purchase price has not been disclosed.
Google will move from its current offices in London’s Victoria and Holborn districts in 2016 when the building work is finished.
Construction is due to begin later this year and the building will range in height from 7 to 11 storeys.
Google has traditionally leased its overseas offices but in the past two years has purchased properties in Paris and Dublin.
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