LONDON—Google plans to spend $1 billion buying office space it already uses in central London, saying it believes office work will remain vital for the tech giant.

The purchase of the site, called Central Saint Giles, near the British Museum, comes as the Alphabet Inc. unit is building a separate, massive new U.K. headquarters about a mile and a half away, next to London’s King’s Cross train station.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published.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

You May Also Like

Progressive Katie Porter announces Senate bid amid uncertainty over Feinstein’s future

Rep. Katie Porter, D-Calif., a progressive star who won re-election in November,…

Nasdaq Proposes Board-Diversity Rule for Listed Companies

Nasdaq Inc. aims to require listed companies to include women and people…

Peloton Narrows Losses as Sales Fall Less Than Forecast

Business Earnings Company holds steady at 3 million subscribers, generates more revenue…

Boston Mayor Marty Walsh confirmed as Biden’s labor secretary

The U.S. Senate confirmed Boston Mayor Marty Walsh to be President Joe…