Google Inc (GOOGL) delays London HQ by three years

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Google Inc (NASDAQ:GOOGL) is delaying the launch of a planned £650 million headquarters plan for another three years. The contractor that was hired to set up the headquarters was warned about the delay yesterday.

BAM Construct chief executive Graham Cash said it was “disappointing” that the building has been pushed back to “at least 2017″ after Google went back on its plans. BAM expects to put the project out to tender again after the plans have been revised.

The London-based headquarters would be set up in a 950,000 square foot space and would house 5,000 staff members. Camden Council planners gave a go-ahead in September for the plan.

The work was expected to start this year, but Google asked architects Allford Hall Monaghan Morris (AHMM) to change around the design. Google wants to be as “ambitious as possible” with King’s Cross location and did not put a specific time on the building.

This set up is a wider review of its development pipeline, which includes new offices in Mountain View, California.

“King’s Cross is our future home in London. As we raise our ambitions on what we can achieve in King’s Cross, this will inevitably take some additional time,” stated a Google spokesperson.

[Source]

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