Google acquires large office park in Silicon Valley for dollar 1 billion

Nov 27, 2018, 22:28 IST | IANS

A Google representative confirmed the $1 billion purchase price for the office park but did not comment beyond that

Google acquires large office park in Silicon Valley for dollar 1 billion

Google has invested $1 billion in a large office park near its headquarters in Mountain View, California, the media reported.

A Google representative confirmed the $1 billion purchase price for the office park but did not comment beyond that, The Mercury News reported on Monday.

The newly acquired site is larger than the property that accommodates the company's Googleplex headquarters, according to the report.

The purchase is being revealed as the largest real estate purchase in the Bay Area and the second-largest property purchase in the US this year.

The search giant started collecting properties in downtown San Jose for a proposed transit village and the company is said to have spent at least $2.83 billion in property acquisitions in Mountain View, Sunnyvale, downtown San Jose and north San Jose.

Earlier this year, Google also acquired the Chelsea Market in Manhattan for $2.4 billion -- which was disclosed as the biggest real estate purchase of the year in the US, media reported.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Revealed! Why celebs read Mid-day!

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK