Facebook is setting up shop in London’s new King Cross tech cluster after agreeing a lease on a 90,000 sq ft office space.
Property Week report the social networking company will have an office in the Regent’s Place development and sit alongside microblogging service Twitter that have its own 18,000 sq ft in the same development.
The development, when completed, will have a wealth of amenities including a running track, rooftop swimming pool, a climbing wall between floors and a 20,000 sq ft area exclusively for bike parking.
The reason given for Facebook’s move to the larger premises is that it’s outgrown its current home in Covent Garden and is seeking “overflow” office space, according to Property Week.
Facebook has had a home in Covent Garden for some time with advertising, public relations and support staff the first to work from the offices. This was before Facebook opened its first non-US engineering centre at the location with the focus on improving mobile performance when the team moved in almost a year ago.
The Kings Cross tech cluster is a short distance from London’s Tech City where Google has a significant presence. The Google Campus seven-story workplace is at the heart of the development in East London and was opened by chancellor George Osbourne in March 2012.
Google Campus is home to some of the UK’s brightest technology startups and is supported by Central Working, Tech Hub, Seedcamp and Springboard. The aim of the project is to give startups mentoring support as well as networking events and special events that include expert speakers to assist new technology innovators.
Spaces in Google’s Campus are highly sought-after with the project running at 90 per cent capacity shortly after it opened back 2012 and the website being inundated with requests.