Online search giant Google is reportedly in talks regarding a takeover of a 700,000 square foot office space in King’s Cross.
According to reports in The Telegraph, Google are considering purchasing half of the London office space in a deal estimated to be worth £200 million and pre-let the other half of the building at more than £40 per square foot.
Google’s London headquarters are currently a 121,500 square foot office building situated across two buildings in London Victoria.
If the deal goes through this would see Google considerably expand its UK operations as the new building can support over 2,000 staff. The King’s Cross development will cover a total area of 67 acres and house residential properties and shops, as well as office space.
The U.S firm have also been expanding in other parts of Europe as last month Google expanded its operations in Ireland by purchasing Dublin’s tallest office building at 15 stories.
Commercial property news brought to you direct from DeVono Cresa, experts on London office space.