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Google splashes $2 billion on New York office
DPA
Last Updated IST

No price was given for the property at 111 Eighth Avenue, but the Los Angeles Times put the price at $2 billion.

The company said that more than 2,000 Googlers would work in the 18-storey building, which fills an entire city block and has some 280,000 square metres of office space. Google said that current tenants, who include Current Armani Exchange, Barnes & Noble, Nike, WebMD, Sprint, and Lifetime Networks, would stay in their offices.

A statement by one of the sellers, Taconic Investment Partners, said the deal "is reported to be the largest single-asset sales in the entire US in 2010 and the largest-ever acquisition by a tenant-user".

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(Published 23 December 2010, 07:28 IST)