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Google in Potential London Office Deal in Central St Giles

Google in Potential London Office Deal in Central St Giles
21 October 2020
 

The tech giant is rumoured to be in talks to buy a London office complex worth £750m.

According to The Business Times, Google has entered into negotiations to buy the Central Saint Giles development in Holborn from joint owners Legal & General Group and Mitsubishi Estate, although no deal has yet been signed.

Google already lets around 40 per cent of the property, a 14,800m² fit-out that they have occupied since 2011.

 

Biggest Commercial Office Deal in 2020

 

The sale has the potential to be one of the biggest commercial property deals of the year. Other companies also looking for substantial properties in the city centre includes Morgan Stanley and Netflix.

Google is also currently in the process of building a new campus in London's King's Cross.

As stated in JLL’s Q2 report of the London office market, when it comes to economic recovery, London could be at an advantage compared to the rest of the UK, as it’s workforce is considerably younger. Further research also found that 58 per cent of respondents missed the office “a lot” in their 2020 Human Performance Survey.

Picture: a photograph of a close up of a smartphone, showing the Google app

Article written by Ella Tansley | Published 21 October 2020

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