Google buys London office complex for $1bn

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Google on Friday agreed to buy a central London building complex for $1 billion, but stressed it remained committed to new hybrid working patterns in the wake of Covid.

The tech titan will purchase the Central St Giles office site, where it is a tenant, for the equivalent of 872 million euros.

“This investment represents Google’s continued confidence in the office as a place for in-person collaboration and connection,” the group said in a statement. “We have been privileged to operate in the UK for nearly 20 years, and our purchase of the Central St Giles development reflects our continued commitment to the country’s growth and success,” said Ruth Porat, chief financial officer of Google parent group Alphabet.

 

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