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Google invests $1 billion into a plot of land for a new central London HQ

Google dumps $1 billion down on some land for a new central London-based HQ.

@anthony256
Published Sun, Jan 20 2013 12:30 AM CST   |   Updated Mon, Oct 19 2020 1:40 PM CDT

During the week, search and mobile OS giant Google purchased a 2.4-acre plot of land in the King's Cross Central development, where they will begin construction on a new 1 million square foot office based in the UK.

Google invests $1 billion into a plot of land for a new central London HQ | TweakTown.com

Google haven't announced just how much they invested into the land, but a source close to the deal reportedly told Reuters that the Mountain View-based company are investing around $1.04 billion into the project. By the time the construction is completed at an estimated 2016, the building is expected to increase in value, putting it at $1.6 billion worth.

Construction will begin later this year, and the building will range in height from between seven to eleven stories. Google plan to completely relocate to the complex in 2016. At the moment, Google's UK operations are based out of offices in London's Victoria district, where property prices are much higher.

NEWS SOURCE:theverge.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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