Google To Build New London HQ With $1 Billion
Following the UK’s decision to leave the
EU earlier this year, a number of US companies raised the price of their
products as a result of the weakened pound. There were also fears that Brexit
could harm foreign investment, but Google has helped
alleviate these worries by
announcing a new London HQ and the creation of 3000 jobs by 2020.
Currency
fluctuations have seen Apple, HTC, and a
host of other firms increase the price of their UK goods
this year, but Sundar Pichai believes the country is still an attractive place
to do business. Speaking to the BBC, the Google CEO said: "We see big opportunities here.
This is a big commitment from us - we have some of the best talent in the world
in the UK and to be able to build great products from here sets us up well for
the long term."
Google’s
investment, which will reach over $1 billion, will see a new building that’s
10-storeys high with 650,000 square feet of floorspace built near its Kings
Cross offices. Google currently has around 4000 employees in the UK; a figure
that could almost double to 7000 by the end of the decade.
The new site was
first announced over three years ago, but founders
Larry Page and Sergey Brin put the project on hold after they called the
initial plans, by London-based architects AHMM, “too boring.” Google has been
virtually silent on the subject up until now.
The revamped HQ
has been designed by Thomas Heatherwick in collaboration with Danish architects
Bjarke Ingels Group.
Pichai did warn
that Brexit may have complicated “secondary effects” over the long term, but he
didn’t go into specifics. He also added that the UK putting restrictions on the
number of skilled migrants was a “worry.”
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