Social media giant Facebook has struck a deal to build their new UK HQ at Kings Cross Goods Yard regeneration site. This expansion will double the company’s office space in London and create the new Facebook UK HQ.
Steve Hatch, Facebook’s managing director for northern Europe was excited to announce the news stating that, “The UK is one of the best places in the world to be a technology company and we’re investing here for the long term.”
With many investors apprehensive due to Brexit, this expansion is welcomed by Priminister Teresa May who expressed her concerns about the UK’s ability to attract global technology companies after Brexit.
The deal to acquire 610,000 sq ft ranks this as one of the most significant commercial deals this decade in London. Work can now start on 11 and 21 Canal Reach, the last major sites on the regeneration scheme.
Designed by architect Bennetts Associates, buildings 11 and 21 Canal reach, the new Facebook UK HQ will feature 10 and 12 floors of modern and light office space. With detailed planning permission, the buildings offer a picturesque view over Central London close to tech giant Google’s new complex. The space can accommodate 6,000 employees and is around the size of nine football pitches.
Plans to open the new office in King’s Cross are set for 2021, it is not yet known if Facebook will appoint its own builder through tendering process.