Google invests c.$1B in London office property
Tech giant backs return to office working with plan to increase capacity for expanding UK staff
Google has bought the 11-storey Central Saint Giles development in central London which contains some of its UK offices for £730million ($1billion).
The tech giant, which already rents around 40% of the Renzo Piano-designed building near Oxford Street, has agreed a deal to buy the development from Legal & General Group and Mitsubishi Estate.
A new UK headquarters building for Google is currently under construction at Kings Cross.
The 11-storey block, designed by Heatherwick Studio and Bjarke Ingels Group (BIG), will provide one million square feet of office space, of which around two-thirds will be taken by Google.