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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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  • fleeb
    1B is the cost of the whole project and not just the plot of land.
    Reply
  • jerm1027
    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?
    Reply
  • devBunny
    $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 ;-)
    Reply
  • myromance123
    1 Billion US Dollars or 1 billion pounds sterling?
    I'm pretty sure it makes a huge difference.
    Reply
  • devBunny
    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. :-/
    Reply
  • abbadon_34
    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
    Reply
  • Prescott_666
    myromance1231 Billion US Dollars or 1 billion pounds sterling?I'm pretty sure it makes a huge difference.
    From the article:
    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.
    Reply
  • JAYDEEJOHN
    So, too much taxation here in the states?
    Reply
  • 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!
    Reply
  • sa1nt
    Google earth.
    Reply