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Google Buys $1 Billion of Land in London, UK

By - Source: Reuters | B 31 comments

New digs for Google.

With over 50,000 employees scattered around the globe and a varied product portfolio that includes everything from browsers to driverless cars, a company like Google needs a lot of space. This week, it emerged that the company has purchased a sizable chunk of land in London, England. According to Reuters, Google, which already has a London office, just recently snapped up a 2.4 acre plot at the Kings Cross Central development.

Billed as one of London's biggest regeneration schemes, Kings Cross Central will soon (okay, not that soon) be home to a 1-million-square-foot Google HQ. Reuters cites a source that says Google is investing a £650 million pounds to buy and develop the site, which will be worth £1 billion when it is finished.

The new headquarters is expected to finished in three years time. At that point, Google will move from its current London office to the new building. Reuters says work on the new building will start later this year and the structure will be between seven and 11 storeys tall. 

Google Europe VP Matt Brittin described the investment as a big one for Google. Brittin said Google is committing further to the UK and that the move was good news for Google.

 

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Top Comments
  • 26 Hide
    jerm1027 , January 19, 2013 9:53 AM
    fleeb1B is the cost of the whole project and not just the plot of land.

    Don't you just hate it when article headlines mislead you like that?
  • 20 Hide
    fleeb , January 19, 2013 9:27 AM
    1B is the cost of the whole project and not just the plot of land.
  • 12 Hide
    devBunny , January 19, 2013 10:08 AM
    $1 billion sounded like a lot until I got to the bit about 2.4 acres. Then it sounded like an awful lot for not a lot. 2.4 acres is less than 1½ football pitches. Just imagine walking down the pitch shouting "$3 million", "$6 million", "$9 million" ... with each successive footfall. ;-)

    http://en.wikipedia.org/wiki/Acre#Equivalence_to_other_units_of_area

    (Being British, "football" naturally refers to soccer ;-)
Other Comments
    Display all 31 comments.
  • 20 Hide
    fleeb , January 19, 2013 9:27 AM
    1B is the cost of the whole project and not just the plot of land.
  • 26 Hide
    jerm1027 , January 19, 2013 9:53 AM
    fleeb1B is the cost of the whole project and not just the plot of land.

    Don't you just hate it when article headlines mislead you like that?
  • 12 Hide
    devBunny , January 19, 2013 10:08 AM
    $1 billion sounded like a lot until I got to the bit about 2.4 acres. Then it sounded like an awful lot for not a lot. 2.4 acres is less than 1½ football pitches. Just imagine walking down the pitch shouting "$3 million", "$6 million", "$9 million" ... with each successive footfall. ;-)

    http://en.wikipedia.org/wiki/Acre#Equivalence_to_other_units_of_area

    (Being British, "football" naturally refers to soccer ;-)
  • 7 Hide
    myromance123 , January 19, 2013 10:10 AM
    1 Billion US Dollars or 1 billion pounds sterling?
    I'm pretty sure it makes a huge difference.
  • 7 Hide
    devBunny , January 19, 2013 10:12 AM
    jerm1027Don't you just hate it when article headlines mislead you like that?


    Sadly I think we're getting to expect it from Tom's. www.bbc.co.uk/news is also riddled with click-seeking headline spin. :-/
  • 2 Hide
    abbadon_34 , January 19, 2013 10:26 AM
    Seems like they could have got a more for their money in a suburb, where are the liberals complaining they are simply convertering housing into corporate
  • 3 Hide
    Prescott_666 , January 19, 2013 11:10 AM
    myromance1231 Billion US Dollars or 1 billion pounds sterling?I'm pretty sure it makes a huge difference.


    From the article:
    Quote:
    Google is investing a £650 million pounds to buy and develop the site, which will be worth £1 billion when it is finished.


    So Pounds.
  • 5 Hide
    JAYDEEJOHN , January 19, 2013 11:17 AM
    So, too much taxation here in the states?
  • 9 Hide
    Anonymous , January 19, 2013 11:39 AM
    Jane, you normally have such good headlines and articles, probably the best on Toms, but this one is definitely not your best.

    The headline is simply incorrect! Go read BBC News, then come back and fix!
  • 3 Hide
    sa1nt , January 19, 2013 11:43 AM
    Google earth.
  • 6 Hide
    Prescott_666 , January 19, 2013 11:57 AM
    moriconJane, you normally have such good headlines and articles, probably the best on Toms, but this one is definitely not your best.The headline is simply incorrect! Go read BBC News, then come back and fix!


    I don't think that the writers of the articles write the headlines. Usually that is done by someone else, who is usually in a hurry, usually doesn't really care, and may or may not read past the first sentence.
  • 2 Hide
    Prescott_666 , January 19, 2013 12:00 PM
    Also, if Jane had written the headline she would have known that it was Pounds, not Dollars.
  • 3 Hide
    izmanq , January 19, 2013 1:11 PM
    650 pounds is about 1 billion USD ? :p 
  • 2 Hide
    wdmfiber , January 19, 2013 2:21 PM
    I don't think the 2.4 acres is accurate. My lawn is bigger than that, granted I'm on 302 acres. But a billion dollars! ...seriously, there wouldn't be room for the employees. Let alone decent sized offices or computer/meeting rooms.

    The Microsoft Campus in Redmond Washington is almost 200 acres, just in building space. LOL!
  • -2 Hide
    deadlockedworld , January 19, 2013 2:33 PM
    JAYDEEJOHNSo, too much taxation here in the states?


    No its the self-entitled, uneducated people that are causing companies to leave. Most U.S. companies are based in areas with higher taxes and higher average education levels.
  • 1 Hide
    Prescott_666 , January 19, 2013 2:50 PM
    wdmfiberI don't think the 2.4 acres is accurate. My lawn is bigger than that, granted I'm on 302 acres. But a billion dollars! ...seriously, there wouldn't be room for the employees. Let alone decent sized offices or computer/meeting rooms. The Microsoft Campus in Redmond Washington is almost 200 acres, just in building space. LOL!


    An Acre is 43,560 square feet. 2.4 Acres is 104,544 square feet. The building is unlikely to fill the entire lot, it will probably have a sidewalk around it and maybe a small lawn and some driveways. So to allow for that, and also to simplify the math, I'm going to call it 100,000 square feet per floor.

    The article says 7 to 11 floors, so approximately 700,000 to 1,100,000 square feet. Plus it will probably have two or three levels of basements.

    I think they can do it on a 2.4 acre lot, although my first reaction was this is an insane waste of money. They probably need a small office in London, which they should lease, and they should put the million square foot office building somewhere that land, and everything else, is a lot cheaper
  • 2 Hide
    wdmfiber , January 19, 2013 3:45 PM
    @Prescott_666

    I'm not saying what you wrote it wrong. I liked it ...interesting. And I was already doing some rough calculations. But how can the Burj Khalifa(world's tallest building) at 163 floors ...cost 1.5 billion. That building is humongous! This future Google complex must be on a 24 acre lot. Or your: quote "insane waste of money" is the understatment of the decade!
  • 3 Hide
    fuzzion , January 19, 2013 4:11 PM
    If someone sends me a billion dollars i will tattoo their name on my forehead
  • 2 Hide
    kinggremlin , January 19, 2013 4:20 PM
    wdmfiberI don't think the 2.4 acres is accurate. My lawn is bigger than that, granted I'm on 302 acres. But a billion dollars! ...seriously, there wouldn't be room for the employees.


    I agree, that sounds way too small. The math doesn't work. 2.4 acres is 104,544 sq/ft. How can you build a million sq/ft building on that lot under 10 stories? A seven story building that takes up every square inch would be only 731,808 sq/ft. Is google going to build an upside pyramid that overhangs the surrounding streets? The building would have to be a minimum of 10 stories, so you can rule out the options of 7-9 stories in this article.
  • 1 Hide
    Anonymous , January 19, 2013 4:29 PM
    This is some of the most expensive areas in London. Imagine how much 2.4 acres in the middle of Time Square would cost? A metric assload. Hilarious how everyone thinks this is a typo but just have no clue. Also hilarious how everyone thinks they know better than Google. "Insane waste of money"? They haven't had too many losers so far.
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