INDUSTRY NEWS

Google announces deal to lease London offices

Search engine giant Google has announced that it will lease London office space near to London’s ‘Tech City.’

Following a previous announcement last week, Google has now confirmed it has agreed a deal to lease office space positioned on Old Street.

The deal will see the California-based search engine giant lease 25,000 sq ft in the capital for the next 11 years, for an estimated rent of £5 million.

Google previously made plans to make the offices available to start-ups public. Now it is thought that by attracting top technology businesses, London can, over time, become a British version of California’s ‘Silicon Valley.’

Engineering director for Google UK, David Singleton, stated: “Finding a suitable building is the first major step. East London is already home to hundreds of innovative British startups, and has huge potential for economic growth over the coming years.”

This latest lease adds to Google’s existing London offices, based in Buckingham Palace Road.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office space