Google to open startup base in London

September 30, 2011

September 29, 2011. Google will lease a seven-floor building to provide space for developers and startups near London's "Silicon Roundabout," boosting British Prime Minister David Cameron's plans to create a global technology hub in the east of the city.

Google will take on more than 25,000 square feet of office space near Old Street until at least 2022. The company will pay about $7.8 million over 10 years in rent, which excludes costs for refurbishment, according to an online brochure for the site.

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