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Google Buys $1 Billion of Land in London, UK

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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