It’s exciting times at King’s Cross as Google yesterday exchanged contracts for the purchase of 2.4 acres on the site to develop its new UK headquarters.
The deal, which is undoubtedly one of London’s most significant property transactions in recent years, is a major boost to the transformation of King’s Cross, confirming it as one the largest development schemes in the capital.
The new headquarters, which are likely to be completed in 2016, will provide a state of the art, flexible working environment for Google’s staff – who are aptly referred to as Googlers.
The acquisition means that 4.5m sq ft of the total 8m sq ft and over 50% of the commercial space at King’s Cross is now completed or committed.
David Partridge, Director at Argent (King’s Cross) Ltd, said: “It is a great privilege to take forward what we believe is London’s largest office requirement in recent years. The team have done a brilliant job to get this over the line and are very excited by the opportunity to design and build a world class, sustainable HQ for one of the world’s leading companies.
“This is clearly a major step in delivering our vision for King’s Cross and will provide a catalyst for developing the next phase of this unique 67 acre central London location, which will create around 35,000 jobs and deliver over 1,900 new homes.”
Matt Brittin, Google’s Vice President for Northern and Central Europe, added: “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.”
The building, which ranges in height from 7 to 11 storeys will see Google employees relocate from current premises in Victoria and Holborn to their new plot (known as Zone A), which is located immediately to the north of the new concourse at King’s Cross station and sits to the east of King’s Boulevard and south of the Regent’s Canal.
Architects Allford Hall Monaghan Morris (AHMM) have developed high quality, sustainable design concepts for the new Google headquarters that will provide a dynamic and flexible working environment for employees. The building will sit above retail units providing a diverse range of shops, cafes and restaurants.
Subject to reserved matters approval being received from Camden Council, construction will start on the new UK headquarters in late 2013.