Facebook has announced it will be relocating its UK headquarters from Covent Garden to Euston.

In a few months, the social network will occupy two floors in a newly built property on 10 Brock Street.

The property ladder

Facebook has signed a 10-year deal for around 90,000 square feet of office space in a new building, just outside Warren Street underground station. According to the Guardian, the social network’s neighbours will include Twitter, Debenhams and Manchester City football club.

Building.co.uk says that Yahoo had been interested in the same property, but failed to act.

Meanwhile, the work on Google’s £1 billion European headquarters at King’s Cross, located at the site of a former fish, coal and grain goods yard, is well underway, and is expected to finish by 2016. The company also holds a ten year lease on a building in London’s Tech City.

Recent research by property consultancy Knight Frank suggests that tech and media companies are gradually moving from the fringes of Shoreditch, Farringdon and Soho into the heart of London. Among the companies getting their hands on some prime real estate this year are Amazon with its new London headquarters at Sixty London, business advisory firm FTI Consulting at 200 Aldersgate Street, and Salesforce.com at the Heron Tower outside Liverpool Street station.

What do you know about London’s Tech City? Take our quiz!

Max Smolaks

Max 'Beast from the East' Smolaks covers open source, public sector, startups and technology of the future at TechWeekEurope. If you find him looking lost on the streets of London, feed him coffee and sugar.

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