Google's home property in Silicon Valley has taken a big step this week, according to an early news from Sina's tech news on November 27, Beijing.
According to local media reports, Google invested $1 billion in a large office park near the Mountain View headquarters in California. In the past two years, the company has invested at least $2.8 billion in properties in Mountain View, Sun Valley and San Jose.
This time, the property that Google buys is already rented. Google is the main tenant of the 12 buildings in the 51.8-acre (210000-square-meter) Shoreline technology park.
Google did not comment on this.
Earlier this month, Google agreed to spend $110 million on a new campus of 10.5 acres in downtown San Jose, and it is likely to buy about 11 acres of land. The city will vote on these plans in early December.
This year is also an important year for Google to buy a home outside of Silicon Valley.
In the first quarter, Google spent $2.4 billion to buy the Chelsea Market in New York City. Google’s chief financial officer, Ruth Porat, said, “When we see good opportunities, we tend to hold rather than lease real estate.”
In real estate leasing, Google has just signed up to rent a huge new space in downtown San Francisco. (Li)