Wednesday, 16 November 2016

Google and Apple investing £8bn in UK offices

There has been more terrible news for the economy this week with the announcement of a £1bn investment by Google and a £7bn investment by Apple in new London headquarters to house 3,000 staff each.

Google is building a new 10 storey, 650,000ft2 office next to its existing offices in Kings Cross. Tech City UK - a government quango - put out a press release on the day of the EU referendum claiming that Google could relocate out of the UK if we voted to leave.

Meanwhile, Apple is taking 500,000ft2 of floor space in the former Battersea Power Station to replace its existing 7 offices in the capital.