(The Hosting News) – Tech giant Google plans to spend 1 billion pounds to develop a new headquarters in London, a Reuters report signaled on Thursday. In American currency, that equals $1.6 billion.
The move comes after the company bought 2.4 acres of land in London’s King’s Cross area.
“This is a big investment by Google, we’re committing further to the UK – where computing and the web were invented. It’s good news for Google, for London and for the UK,” commented Google VP for Northern and Central Europe Matt Brittin in the Reuters report.
Google’s main headquarters is currently maintained in Mountain View, California. The campus is famously referred to as the “Googleplex.”
In England, the new office development represents an employee shift. By 2016, Google plans to move work to the new headquarters away from another location in the UK’s Victoria and Holborn areas.
It also means that the company will be owning its office space – a break from the traditional leasing of areas in the past. However, that shouldn’t be a problem. Google is a $40 billion dollar plus company, after all.
The online search giant maintains significant office presences in other areas including Germany, France, Greece, Denmark, Brazil, Egypt, Mexico and of course, the United States.