Online travel company Expedia has announced it will lease an extra 138,000 sq ft at its UK office in London’s Angel, as part of its global growth plans.It will also sign a new lease
until 2030 on The Angel Building, which is owned by Derwent London.
Expedia’s London expansion
follows a series of post-Brexit investments into London from other leading US
technology companies.
Since the EU referendum vote, Google has put forward a £1bn investment plan for a new
headquarters in King’s Cross, Facebook announced an additional 500
jobs in London and Apple revealed its plans for new headquarters in
Battersea. Earlier this year, Snap Inc announced it will open an international hub in
London.
Mayor of London, Sadiq Khan said:
“London is the tech capital of Europe and continues to be a leading destination
for US tech companies with a global footprint. I am delighted that Expedia has
pledged its long term commitment to London, helping to generate new jobs and
growth for the capital. Their expansion offers further proof that London remains
open for business, talent and investment.”
Johan Svanstrom, president of the
Hotels.com brand, part of the Expedia group
added: “Angel and Islington has proven to be a fantastic location for our
London-based employees. As a company, we see a lot of opportunity in London
given the continued growth of ecommerce and technology industries and the
strong pool of talent in the city. We look forward to expanding the presence of
our Expedia group of businesses here in years to come.”