Reports have emerged that technology giant Google is on the verge of finalising plans to construct a £550m UK headquarters at Kings Cross, London.
The firm is said to have settled on the 700,000sq/ft site for its new UK base and will purchase a 999 year lease on the plot for £550m, potentially as soon as November 22.
Following this Google is expected to appoint property specialists Argent to develop a custom-built office block which should be ready for occupation by 2015.
This would replace two existing offices in Victoria and Soho and allow the firm to expand.
Kings Cross is presently subject to a mammoth regeneration programme which will entail construction of 8m sq/ft of offices, shops and homes as well as incorporating part of the University of the Arts.