Categories
General News Google News

GOOGLE SET TO SPEND $2 BILLION ON NEW YORK OFFICES

According to recent newspaper reports, Google are in negotiations to buy offices in New York with a price tag just shy of $2 billion.

The search engine giant currently rents office space in the Manhattan office block, however the company is now said to be in talks with the owners to buy the entire office city block covering 2.9 million square feet of office space.

The office building, which is located in the upmarket Chelsea area of the city, also boasts some exclusive neighbours including global sports brand Nike and Web MD.

A collection of organisations currently own the space which Google is attempting to purchase including Taconic Partners, Jamestown, and the New York State Common Retirement.

The 18 storey building is well known within the city of New York having previously been home to the Port Authority. The office block is one of the largest buildings in the whole of the city and even has two addresses as it spans from 8th to 9th avenue on 15th and 16th street.

Google currently rents three floors in the building, but earlier this year they announced plans to expand their Head Quarters in New York.

It’s not known what stage the negotiations for the sale have reached, or whether a definite price has been agreed, although reports suggest the office space will fetch in the region of $2 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.