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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

By Anthony Garreffa on Jan 20, 2013 12:30 am CST - 0 mins, 43 secs reading time

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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With 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 high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:theverge.com

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