Facebook Doubles Down on London With Space for 6,000 Workers

Facebook will double the amount of space it occupies in London as technology firms continue to expand in the U.K., according to Bloomberg.

The new office buildings in the city’s King’s Cross district will have room for more than 6,000 people, compared with a target of 2,300 workers by the end of this year. Facebook’s statement did not say how many jobs will be created as part of part of the expansion.

Workplace, Facebook’s enterprise collaboration tool, is wholly built and run out of London, and the U.K. capital is also home to the engineering team responsible for the security of the social network’s community. Its London teams also work on virtual reality products.

“The U.K. is one of the best places in the world to be a technology company and we’re investing here for the long term,“ Steve Hatch, Facebook’s managing director for Northern Europe, said in a statement.

U.S. technology giants including Apple, Amazon and Alphabet have been expanding in London, lured by a concentration of highly skilled workers. That demand has helped keep office rents and values in the U.K. capital near record highs despite the Brexit vote and cost-cutting in the financial services industry.