INDUSTRY NEWS

Candy Crush Saga Creators set to move to Covent Garden office space

Candy Crush Saga creators King Digital Entertainment are set to expand into new Covent Garden office space.

The makers of the hugely addictive game are set to move into the old offices of Facebook.

Facebook is relocating to British Land’s 10 Brock Street West End offices, leaving the Seven Dials Warehouse offices it previously occupied free. King Digital Entertainment will occupy 36,000 sq ft of office space at the premises in total.

The firm will also keep its current offices located at Tottenham Court Road near Central Saint Giles as it looks to capitalise on its overwhelming success and recent launch on the stock market.

Valued at a staggering $7.5 billion (£4.6 billion), Candy Crush Saga debuted on the stock market to a mixed on Tuesday (March 25) with shares falling by as much as 15% during its first day on the NYSE.

But despite this, King Digital Entertainment still managed to raise around $500m by selling a reported 22.2 million shares at $22.50 each – dropping to a low of $19.08.

London has seen a spate of digital firms move to the capital to open new offices, with the Silicon Roundabout in Shoreditch being touted by Mayor of London, Boris Johnson, as the UK’s own Silicon Valley.Interest from tech firm’s has spread behind just there however.

In total the technology media and telecoms sector currently has muscled in to almost a quarter of the space of the Square Mile – typically dominated by the financial sector.

By: Kirsty MacGregor

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