Google makes record breaking move to new London HQ
Tech giant signs property deal for new £1bn site in London’s Kings Cross
The commercial property sector in London has received a major boost with the news that tech giant Google will move its UK headquarters to a specially designed new site near King’s Cross station.
The deal is worth a reported £1bn, allegedly the largest commercial property transaction in the UK so far this century, and will see Google take over a 1m sq ft site in one of London’s biggest regeneration sites. It will also allow the firm easy access to the rest of the UK and mainland Europe by train.
Google Vice President for Northern and Central Europe, Matt Brittin, said: “This is a big investment by Google, 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.”
The British government has been keen to attract major tech firms to the capital in order to kick start growth and a new wave of tech innovation. Amazon recently announced plans to move to a huge new site in nearby Barbican, while other international firms are have been looking to take up residence in east London’s burgeoning tech hub near Old Street roundabout.
