Google could take over new London offices.
The search engine giants are looking at offices in King’s Cross.
Google is considering taking over 700,000 square feet of office space at the brand new King’s Cross development in London. The firm is looking to buy half of the office space for £200 million and then pre-let the other half out at £40 per square foot.
Currently Google already has offices in London Victoria where the company occupies 121,500 square feet of office space across two buildings. The move into even more commercial property in the city would be considered a huge expansion into the UK for the primarily US based company.
Google are presently in talks with the building’s current owners after progression of the deal began at the Mipim property conference in Cannes. Google’s head of construction and real estate, Joe Borrett, was present at the conference with developers and advisers from the King’s Cross development team.
Once completed the development will cover 67 acres and include eight million square feet of retail space and office space. There will also be homes and a university built in the area. The first set of shops and offices are expected to open this autumn.
Google also plans to move nearly 1,700 employees from various offices in Dublin to a new commercial property within the city. The company recently announced that it was aiming to expand its European presence with the addition of around 1,000 employees across various regions.