- 1 Minute Read
- 11th October 2012
Google to secure deal for construction of £550m London offices
Web services giant Google is set to finalize a £550m deal to build a new UK headquarters at Kings Cross, Central London.
The plans include the regenerate a 700,000 sq ft site adjoining the newly opened development at Kings Cross St. Pancras station on a 999 year lease.
Property Week reports that Google intends to finalize the deal by 22 November, making it one of the largest ever single commercial property developments in the UK in terms of both costs and space.
The construction timetable is approximately 3 years, with Google expected to move in by the end of 2015.
Google currently boasts a property portfolio of over 70 offices in more than 40 countries, including their mammoth global headquarters in Mountain View California branded the ‘Googleplex’.
The search engine provider already owns offices in London’s Victoria and Soho, whilst Chancellor George Osborne announced at the opening of their new campus based offices in East London Tech City that Google’s mentoring services would allow the UK to become “the technology centre of Europe”.
Other major Google office locations include Sao Paulo, Mexico City, Mumbai, Montréal, Paris, Berlin, Beijing and Dubai.