Wed. Jan 26th, 2022

Sundar Pichai, CEO, Alphabet in front of 1 St Giles High St, London WC2H 8AG, UK (Getty Images, Wikimedia Commons / Prioryman)

Hey Google, who believes most in the future of office space?

The technology company’s recent acquisition would likely give it the first result. The Wall Street Journal reported that the company plans to spend $ 1 billion on Central Saint Giles, an office building in London near the British Museum that it already used.

The property is about a mile away from where Alphabet, Google’s parent company, is building a headquarters next to King’s Cross train station.

(Source: Central Saint Giles)

(Source: Central Saint Giles)

Google employs 6,400 people in the UK, according to the Journal. In the coming years, the company will be able to employ 10,000 people in the country.

Google’s acquisition of London comes almost five months after a deal in the state created waves in the US office market. The company announced in September that it was buying its offices on 550 Washington Street – which it already leased – for $ 2.1 billion, marking the largest office sale in the United States since the beginning of the pandemic.

The purchase of St. John’s Terminal from Oxford Properties is scheduled to take place in the first quarter of 2022.

Alphabet previously announced a plan to get about 20 percent of U.S. employees to work from home permanently. But the company’s recent large investment in office properties suggests it believes the future will have at least a partial need for offices.

Alphabet CEO Sundar Pichai has positioned Google to introduce a hybrid work situation where employees enter the office three times a week. The company expected to bring employees back to the office on a regular basis this week, but was forced to reject these plans due to the spread of the Omicron coronavirus variant.

As it stands, the company does not have a final plan for returning to the office, but only promises to wait until later in the year to reassess the situation, according to the Journal. Meanwhile, it continues to encourage employees to voluntarily enter the office where conditions allow.

[WSJ] – Holden Walter-Warner

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