Google and KCCLP have reached an agreement that will see Google acquire a 2.4 acre plot at the 67 acre King's Cross development, in what is considered to be the most significant occupational transaction in London in recent years.
Subject to reserved matters approval being received from Camden Council, construction will start on the new UK headquarters in late 2013.
The building, which ranges in height from seven to 11 stories, is scheduled for completion in 2016, enabling Google employees to relocate from current premises in Victoria and Holborn.
The plot (known as Zone A), is located immediately to the north of the new concourse at King's Cross station and sits to the east of King's Boulevard and south of the Regent's Canal, in the best connected location in Europe.
Google's headquarters faces One and Two Pancras Square, two office buildings currently under construction by KCCLP, which will be available for occupation from the end of 2013 and mid-2014 respectively.
Pancras Square itself will also be home to the new headquarters of BNP Paribas Real Estate, a new office building for Camden Council containing a customer contact center, public sport and leisure facilities and flexible office space managed by The Office Group.
Architects Allford Hall Monaghan Morris (AHMM) have developed high-quality, sustainable design concepts for the new Google headquarters that will provide a dynamic and flexible working environment for employees. The building will sit above retail units providing a diverse range of shops, cafes and restaurants.
Commenting on Google's decision to locate their UK headquarters at King's Cross, Matt Brittin, Vice President for Northern and Central Europe said: "This is a big investment by Google, we're committing further to the UK - where computing and the web were invented. It's good news for Google, for London and for the UK."
Commenting on the agreement, Sir David Clementi, Chairman of the King's Cross Central Limited Partnership said: "We are absolutely delighted that Google will be building their new UK headquarters at King's Cross. This is fantastic news for London, for Camden and of course for King's Cross. Google is one of the world's leading companies, a dynamic, innovative and forward thinking business. It fits perfectly with our vision of King's Cross as a creative commercial center for London.
"King's Cross is now recognized as a superb office location. With One and Two Pancras Square under construction, providing around 200,000 ft² (approx. 18,580 m²) of grade-A flexible space, we expect to make further announcements of new lettings at King's Cross soon. I would like to thank the whole team involved in this agreement."
Delivery of the building will be managed by Argent (King's Cross) Ltd on behalf of Google and the KCCLP.
David Partridge, Director at Argent (King's Cross) Ltd said today: "It is a great privilege to take forward what we believe is London's largest office requirement in recent years. The team led by Nick Searl have done a brilliant job to get this over the line and are very excited by the opportunity to design and buil