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Google to spend Rs 15,500 crore to buy New York office: In Pics

Google announced on Tuesday that the company is planning to buy the New York city office building for $2.1 billion. The new office will be an addition to the vast footprint of Google in Manhattan.

Zee Media Bureau|

Updated:Sep 22, 2021, 07:10 PM IST

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Google's Manhattan office

The company is planning to purchase the Saint John's terminal building in Hudson square levered in Manhattan. Ruth Porat, CFO of the company in a blog suggested that the purpose of the building would be to "serve as the anchor" of its new campus.

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$2.1 billion deal

Google already leases the building and now plans to buy it for 2.1 billion dollars. This deal will be a positive sign for New York as the city is emerging from the pandemic. Google already has a large footprint in Manhattan.

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Sailing against the wind

Everybody thought that remote working is here to stay. Google is pointing at otherwise. With the purchase of a new office building, Google is planning to call employees back to the office.

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Most expensive office deal

According to the Wall Street Journal, this purchase will be the most expensive deal for anyone in the US for a single office building since the covid-19 pandemic began.

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Plans for recalling employees

Google has postponed their back to office dates until January. The CEO of the company previously mentioned that even after reopening, the company expects 20% of employees to continue telecommuting.