Google shows confidence in work from the office in a $ 1 billion London deal

Technology giant Google is spending $ 1 billion to buy its current tenant building in central London, showing confidence in the future of its office as a workplace. Said on Friday.

With 6,400 employees in the UK, Google plans to refurbish millions of pounds of offices in Central St. Giles development to buy near Covent Garden in central London.

Ruth Porat, CFO of Google’s parent company Alphabet, said:

Google plans to refurbish the building to accommodate face-to-face teamwork, provide meeting rooms for hybrid work, and increase personal space.

According to the company, the new refurbishment will take advantage of the outdoor covered workspace to allow people to work in the fresh air.

Google said the UK site will eventually be able to accommodate 10,000 workers, including those being developed in the Kings Cross region near London.

“This investment in employment from Google is a vote of great confidence in the UK as the world’s leading technology hub,” Finance Minister Rishi Sunak said in a statement.

Google said last month that it has postponed plans to return to the office globally amid growing concerns about the Omicron variant of the coronavirus.

Central St. Giles Building was owned by a joint venture between Legal & General Investment Management Real Assets and Mitsubishi Estate London Limited.

© Thomson Reuters 2022

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