Google is planning a new £1bn UK HQ at a 2.4 acre plot of land in the Kings Cross central redevelopment area
Google has purchased a 2.4 acre plot of land at the Kings Cross central redevelopment area in London in order to construct a 1 million square foot office that will serve as a new UK HQ.
According to sources, Google is investing 650 million pounds to build the office, which will be worth £1 billion once completed.
Google will move from its current Victoria and Holborn offices to the new campus when construction finishes in 2016. The US company has also recently bought premesis in Paris and Dublin.
"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," said Google's vice president for northern and central Europe, Matt Brittin.
The planned construction will start on the site later this year, with the finished building standing between seven and eleven storeys tall.