Apple plans to move its London headquarters to Battersea Power Station as soon as the Grade II listed building has been rebuilt.
Apple currently employs around 1,400 corporate staff in London, excluding retail workers and so-called Geniuses, who will all be moved to the site in 2021.
The firm will occupy around 500,000 square feet across six floors inside the iconic London building, and will account for 40 per cent of the development's total office space.
Apple's main European HQ will remain in Cork, where it employs around 4,000 people, despite the EC recently ruling that Ireland gave the firm illegal tax benefits worth up to €13bn and demanding that the company pays back every cent.
Apple said the deal was a "great opportunity to have its entire team working and collaborating in one location while supporting the renovation of a neighbourhood rich with history".
It's not known how much Apple will pay for the office space, but Battersea Power Station Development Company chief executive Rob Tincknell was upbeat on the deal.
“We are delighted Apple chose to make this their home in 2021. It is a testament to the fantastic building and the wider regeneration of the 42-acre site, which offers a carefully curated mix of homes, businesses and leisure amid extraordinary open spaces and new transport links," he said.
"It has always been our clear objective to create one of London’s most thriving new communities, and this commitment from Apple will undoubtedly help us achieve this goal.”
Sadiq Khan, mayor of London, welcomed the news, saying: "I am delighted that Apple is moving into Battersea Power Station, helping generate new jobs and economic prosperity for Londoners.
"It is a further sign that London is open to the biggest brands in the world and the leading city for trade and investment."
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