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Google expanding UK infrastructure with estimated £1B+ headquarters investment

Published 11/15/2016, 01:38 PM
Google expanding UK infrastructure with estimated £1B+ headquarters investment
GOOGL
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GOOG
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  • To be located in London on land the company already owns, originally intended for such a development. Prior designs, however, had been reportedly rejected. Resulting accommodation for up to 7K employees across the country is cited, up from 4K currently.
  • Google CEO (GOOG, GOOGL) Sundar Pichai notes, without going into detail, complex "secondary effects" the United Kingdom's departure from the European Union may cause longer term, though remains optimistic on the former nonetheless. Further: "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."
  • While some concern over the EU referendum had materialized regarding potential investment in the country, doubts at present have been mitigated.

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