Facebook said to move to London office, close to Google HQ

2017-11-10 11:44 - Jack Sidders
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London - Facebook is in negotiations to lease a new London office close to the planned headquarters of Google, two people with knowledge of the talks said.

The company plans to lease at least 400 000 square feet of space at the King’s Cross Central development, where Google parent Alphabet will develop its new UK headquarters, the people said, asking not to be identified because the talks are ongoing. The size of the lease could change and it’s not certain a deal will be completed, they said.

A spokesperson for Argent, which is developing the project, and a representative of Menlo Park, California-based Facebook declined to comment.

The world’s largest technology companies, including Apple and Amazon.com, have leased major new offices in the UK capital, lured by the abundance of skilled young workers.

Apple plans to move staff into a new London headquarters at the Battersea Power Station project, and Amazon has recently begun moving staff into a new UK base in the Shoreditch district on the edge of the City of London. 

Facebook has already signed an agreement to lease a UK office close to Oxford Street. The company chose not to exercise an option to lease a third, smaller property on Oxford Street, developer Great Portland Estates said in January.

There is about 800 000 square feet of office space still available at the King’s Cross development across several planned buildings. The largest is 11-21 Canal Reach, which will have about 400 000 square feet, according to the development’s website.

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