Google buys a New York building for $2.1 bn to build an office campus

30 Sep 2021 CW Team

This is the greatest real estate transaction in the United States for an office building since the beginning of Covid-19's global expansion, according to Real Capital Analytics, as reported by the Wall Street Journal.

The premises in Manhattan, which are located on the site of a former train terminal in the Hudson Square area, are already rented by Google. The ultimate site will be spread out over three buildings between Hudson and Washington Streets, with two of them now under construction.

The business, based in Mountain View, California, has made additional multibillion-dollar investments in New York City, including the $2.4 billion acquisition of the Chelsea Market building.

In a statement, Google's CFO Ruth Porat stated, "Google has been privileged to call New York City home for more than 20 years, during which time we have expanded to 12,000 people." "Google is leading the way here in our economic resurgence," said New York Mayor Bill de Blasio in response to the announcement.

Also read

https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/woodenstreet-to-expand-in-tier-2-cities-with-investment-of-8-10-cr-/29339

https://www.constructionworld.in/latest-construction-news/real-estate-news/interiors/mnc-giant-opens-its-first-office-in-hyderabad-/29611

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