Google plans to buy office space in New York City for $2.1 billion By Reuters
(Reuters) – Alphabet (NASDAQ:) Inc-owned Google plans to buy an office building in Manhattan for $2.1 billion, even as most of its employees work remotely and companies adopt hybrid work models.
In a Tuesday blog post, Ruth Porat, chief financial officer, stated that the deal to buy St. John’s Terminal New York City will be completed in the first quarter 2019.
Nearly a month ago, Sundar Paichai, the top manager of Google, informed employees by email that Google had extended its voluntary return-to office policy to January in response to increasing cases of COVID-19-variant Delta.
Porat explained that this investment builds on our previous plans to spend more than $250m in New York campuses.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.