Dive Summary:

• Google has acquired a 2.4 acre plot at the Kings Cross Central development in London, where it plans to build its new UK headquarters.
• A Reuters source indicated that Google is investing about £650 million ($1.04 billion) into the project.
• Construction is expected to begin in late 2013, with the building ultimately reaching a height of 7 to 11 stories when it is finished in 2016.

From the article:

(Reuters) - Google Inc. is developing a new UK headquarters which could be worth as much as 1 billion pounds ($1.6 billion) when finished, the latest overseas property deal for the cash-rich U.S. Internet group. ...