Google is planning to buy its Manhattan HQ for $2.1bn.
The deal for St John’s Terminal site in New York City – which Google currently leases – will complete in the first quarter of next year, Ruth Porat, chief financial officer, said.
The space is expected to open by mid-2023.
Google’s investment “builds upon our existing plans to invest more than $250m this year in our New York campus presence,” Porat said.
The Alphabet-owned search engine joins fellow technology companies in investing in prime real estate, as tech giants flush with cash take advantage of lower office building prices in US cities.
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