Google spends $1 billion on a new London headquarters

Google is significantly increasing its footprint in London, purchasing the Central Saint Giles building near Tottenham Court Road station for $1 billion as part of a strategy to increase its UK workforce to 10,000 workers.

Google has already rented office space in the Renzo Piano-designed building. The building has a striking exterior colour scheme, 38,000 square metres of office space, and 100 residences on the bottom level, as well as cafés and restaurants.

The business is still working on its flagship UK office space at King’s Cross, which was revealed in 2013 and would cost £1 billion. The King’s Cross office, according to The Guardian, will be completed in 2022 and will rise 11 stories tall.

Google is conscious that the working environment has altered as a result of the epidemic, particularly in terms of working in an office. According to the corporation, the idea is to allow staff to adopt a hybrid approach.

“We think that flexibility is the future of employment,” says Ronan Harris, Google’s UK and Ireland CEO. “While the majority of our UK staff like to be on-site part of the time, they also prefer to be able to work from home a couple of days each week. Some of our employees will want to be completely remote. All of those opportunities will be available in our future UK workplace.”

“We have been honoured to operate in the UK for over 20 years,” said Google CFO Ruth Porat, “and our acquisition of the Central Saint Giles development underlines our sustained commitment to the country’s growth and success.”

According to the Financial Times, Google will take over as landlord for all current tenants in the Central Saint Giles complex, including NBCUniversal.

Google has just finished the Grace Hopper undersea cable from America to the United Kingdom, increasing the search giant’s relationship with the nation. In addition, the corporation has invested in subsea cables to Africa.