Technology giant Apple is moving its UK headquarters to Battersea Power Station.
The move is scheduled for 2021, when 1,400 employees will move from eight sites across London to the ‘Apple campus’ in Battersea.
The announcement comes as part of the £9 billion project to restore Battersea Power Station to a mix of residential, business and leisure buildings.
There are also plans for new transport links at the site, including a zone one Northern Line underground station.
Apple will be taking over 40% of the office space at the new development, making it one of the tech giant’s biggest locations outside America.
While their international headquarters will remain in Cork, Ireland.
London Mayor Sadiq Khan said: “I’m delighted Apple is moving into Battersea Power Station, helping to generate new jobs and economic prosperity for London.”
Following the Brexit vote on June 29, the move is a positive step forward for Britain as critics claimed large businesses would no longer invest in the UK.
Chancellor Philip Hammond said: “Apple’s decision further strengthens London’s position as a global technology hub and demonstrates how the UK is at the forefront of the next steps in the tech revolution.
“It’s another vote of confidence in the UK economy.”
The new location will make Apple the biggest employer in Wandsworth, and the space holds enough room for 3,000 employees, leaving Apple room to continue developing after the move.
Knight Frank and CBRE brokered the deal for Battersea Power Station Development Company, and Cushman & Wakefield acted on behalf of Apple.
Image courtesy of moppet65535 via Flickr, with thanks