[ad_1]
Over the past year, Google has entered into a number of important real estate deals to expand its presence in the United States. Last last week – involving an acquisition of a $ 1 billion business park at Mountain View – is the largest area of the Bay purchase of 2018.
As spotted by The Mercury NewsGoogle just before Thanksgiving bought the Britannia Shoreline Technology Park. The 51.8-acre space is larger and larger than the company's current Googleplex.
It consists of 12 structures ranging from one to two floors, Google is already the main tenant of the campus. The buildings are surrounded by ample and inefficient parking spaces that, according to developers, are ripe for development.
Google has confirmed the purchase price of $ 1 billion from HCP Inc., the transaction is now the largest real estate transaction in the San Francisco Bay Area in 2018. In comparison, the transaction is Closer was concluded last month for the San Francisco Ferry Building, at $ 291 million.
Instead of continuing to rent the buildings as needed, this acquisition allows Google to better renovate them in the future.
Via The Mercury News
For example, in 2015 Google introduced plans for a radical Mountain View campus on four sites, including light and mobile structures.
Instead of building immovable concrete buildings, we will create light block-shaped structures that can be easily moved when we invest in new product areas. (Our autonomous car team, for example, has very different needs from our office space research engineers.) Large translucent awnings will cover each site, controlling the indoor climate while letting in light and l & # 39; air.
This particular plan has not been successful, but the principle of a tent-like structure is underway between the Googleplex and the recently acquired technology park. Google Charleston East will be a versatile space with public spaces for shopping, restaurants and recreation.
The company is also interested in building mixed-use campuses, including the north and downtown San Jose, northern San Jose and Sunnyvale. At the same time, on the other side, Google bought the Chelsea market for $ 2.4 billion earlier this year. Rumor has it that this would be the acquisition of a 12-story office on two blocks in New York.
Google commented on future plans for the recently acquired Shoreline Technology Park.
Check out 9to5Google on YouTube for more information:
Source link
