UK headquarters of social media giant Facebook has nearly doubled in size after signing a deal with prominent property owner British Land. The deal will see the size of its Regent's Place headquarters - already 87,000 square feet - expand by a further 66,000 square feet.
News of the expansion came after Facebook withdrew from it's Covent Garden offices (36,000 square feet) which are now occupied by King Digital, the creators of the wildly successful Candy Crush.
"Facebook's decision to expand their presence at Regent's Place is a fantastic endorsement of the campus and underlines their commitment to this location," says James Danby, British Land's head of office leasing.
"While the area's connectivity and the quality of the office space are, of course, significant factors, our work to make Regent's Place a vibrant destination in its own right has been crucial in attracting high calibre media and technology businesses, of which Facebook is unquestionably one."
The area north of Euston Road, which has been dubbed the 'Knowledge Quarter', is in the midst of a multibillion pound redevelopment and is also the focus of other Silicon Valley tech firms, including Google, which is currently building an enormous campus a short distance away to the East in King's Cross.
Twitter was also rumoured to be moving into the area at one stage - they have since backtracked after learning that Facebook would be moving in next door - with the Guardian, the Government's Digital Catapult Centre and UCL some of the other major organisations that have established a presence in the area.