Search engine giant Google is, according to journalists at theTelegraph newspaper, currently in negotiations over a commercial property deal for a new London headquarters almost six times the size of their current base.
Such an investment in their presence here would be a significant indication of their confidence in the capital and would certainly give a major boost to further international interest in London’s commercial property stocks.
According to Forbes, Google is the world’s 120th biggest company – not bad for a business that was launched by two university students twenty-two years ago. Today the world-famous internet search and services company has over 24,000 employees around the world and, if commercial property negotiations go well, London could be the location of one of their most substantial expansions in years.
Google’s current London office space on Buckingham Palace Road, Victoria is 121,500 sq ft, spread over two buildings, but negotiations with King’s Cross Central, an 8 million sq ft mixed use development currently under construction next to King’s Cross station, for 700,000 sq ft of office space could house many of the 1,000 new staff the company announced last month they would be looking for in Europe.
Such a commercial property deal would further expand their portfolio in Europe, for only last month Google purchased the fifteen-storey Montevetro building, Dublin’s tallest commercial office block, for the country’s 1,700 staff to work from and as a base from which to further expand their international operations.
Negotiations are ongoing but as soon as a decision is made you’ll hear it first on Move Hut, the commercial property specialists.
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