Google completes King's Cross HQ deal
Google has completed one of the most notable UK transactions of the century, taking a 1m sq ft scheme at King’s Cross Central.
The £1bn forward-sale is one of the largest ever commercial acquisitions in the UK.
The internet search company will buy a 2.4 acre site known as Zone A for the building and construction will start late this year and complete in 2016. The building will range in height from 7 to 11 storeys.
Developer King’s Cross Central Limited Partnership, which is made up of Argent, London & Continental Railways, BT Pensions Fund and DHL Supply Chain, is now over 50% completed or committed, (4.5m sq ft of 8m sq ft of developable space). Google will join other occupiers committed to the site including BNP Paribas, the Aga Khan Foundation and the University of the Arts.
The building has been designed by architects Allford Hall Monaghan Morris (AHMM) and the offices will sit above retail units providing a diverse range of shops, cafes and restaurants.
Matt Brittin, vice president for northern and central Europe at Google said:
“This is a big investment by Google, we’re committing further to the UK - where computing and the web were invented. It’s good news for Google, for London and for the UK.”
Sir David Clementi, chairman of the King’s Cross Central Limited Partnership said:
“We are absolutely delighted that Google will be building their new UK headquarters at King’s Cross. This is fantastic news for London, for Camden and of course for King’s Cross. Google is one of the world’s leading companies, a dynamic, innovative and forward thinking business. It fits perfectly with our vision of King’s Cross as a creative commercial centre for London.”
DTZ and Savills acted for the King’s Cross Central Partnership. CBRE acted for Google.