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Google to spend $1 billion to establish new campus in New York

Google to spend $1 billion to establish new campus in New York
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo   -   Copyright  Arnd Wiegmann(Reuters)
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(Reuters) – Alphabet Inc’s <GOOGL.O> Google said on Monday that it is investing over $1 billion (793 million pounds) to establish a new campus in New York city, as it expands its presence in the city’s technology corridor along the Hudson River.

The new leased campus, which is over 1.7 million square-foot, will be the primary location for Google’s global business organization, the company said in a blog https://www.blog.google/inside-google/company-announcements/google-hudson-square-our-expanded-new-york-campus post.

The news comes on the heels of Amazon.com Inc <AMZN.O> picking New York as its second headquarters.

Earlier in March, Google had announced a $2.4 billion purchase of the Manhattan Chelsea Market.

(Reporting by Sonam Rai in Bengaluru; Editing by Shounak Dasgupta)

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