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.
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!
Swedish telecoms giant Ericsson blamed “challenging mobile networks market” and “further volume contraction” for job…
Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that…
Fallout avoidance? Tesla buyers in the US must be shown how to use the FSD…
Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in…
While AI promises unparalleled efficiency, productivity, and innovation, questions regarding its environmental impact loom large.…
Shares in Donald Trump’s social media company rose about 16 percent after first day of…