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| Alex Dudar/Unsplash |
On just another usual Friday, Google sent a crisp message to the real estate sector - 'pandemics will come and go but offices are forever.'
Context, Please.
Well they just bought the entire Central Saint Giles building in central London for USD1 billion.
Earlier they were tenants in the same building and with this purchase they plan a multi-million pound refurbishment of their offices.
Google has picked up numerous office sites across London - the latest being the St. Giles building - even as its own UK HQ is being built in the city.
More People = More Office
They’re not just renovating to look cool; they also want to hire more people in the UK, eventually taking the number to 10,000 employees from a previous 6,400 with another office being developed in King’s Cross, London.
Word On The Street
In a statement from the Finance Minister, Rishi Sunak, this investment is a vote of trust in the UK as a global tech-hub.
Real estate industry folks, check this out. 😍