Google set to build Kings Cross office worth as much as £1bn
Google is developing a new 2.4 acre UK headquarters in Kings Cross, which could be worth up to £1bn when complete, it has been revealed.
The purchase price for the plot, where Google will build a 1 million square foot office, has not been revealed, although some sources have suggested that Google is spending £650m on the buying and development.
Construction is due to start later this year, with those working in the Victoria and Holborn offices for the search engine giant to move to the Kings Cross headquarters when work is complete.
Google's Vice President for Northern and Central Europe, Matt Brittin, said in a statement: "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."
The building is set to be completed by 2016.