Google announces £762m investment to buy UK office site

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Tea

Technology giant Google is investing around £762.5 million to buy a site in London, where it is currently a tenant.

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The Central St. Giles office is being purchased with a new development being built for the company in Kings Cross.

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Google said the move meant the UK would have a capacity of 10,000 employees.

It currently employs over 6,400 employees across the country.

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Our focus remains on creating flexible workspaces that foster innovation, creativity and inclusivity

The Central St. Giles office will undergo a multi-million-pound renovation that will include meeting rooms for hybrid working, flexible working spaces and outdoor covered areas for people to work in the fresh air.

Google said it expects about a fifth of its workforce to work remotely as a result of changes in the work world after the pandemic.

Senior Vice President Ruth Porat said: “We have had the privilege of working in the UK for nearly 20 years, and our purchase of the Central St Giles development reflects our continued commitment to the growth and success of the country.

“Our focus remains on creating flexible workspaces that foster innovation, creativity and inclusivity.”

Chancellor Rishi Sunak said: “This investment in jobs from Google is a huge vote of confidence in the UK as a world-leading tech hub.

“It is also a testament to the fact that the country remains one of the most attractive places in the world for leading firms to grow their business.

“The tech sector will play an important role in our future economy and help advance our recovery from the pandemic, and we are committed to creating the right environment to ensure this continues.”

Mayor of London Sadiq Khan said: “Google’s latest investment in London is great news that sends a clear message that our capital is a global attraction for investment, business and talent. This will help establish London as the world’s leading technology hub. It will help maintain the situation.”

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