Rupert Murdoch's News Corp has confirmed that it is to consolidate its entire London operations at a new base in Southwark.
Earlier this year, Southwark Magazine reported that the media group was considering taking the whole of Sellar Property Group’s 430,000 sq feet The Place development, alongside The Shard, near London Bridge.
Now News Corp has set a summer 2014 relocation date for its move to the site, which will see News UK, Dow Jones and HarperCollins staff housed together at a single location for the first time.
News Corp chief executive Robert Thomson said the media giant’s move would allow it to “work more closely and creatively, and leverage [its] collective resources” in a "vibrant" location.
Southwark Council leader Peter John said News Corp’s decision would bring new jobs and opportunities to the borough, and underlined a “growing reputation” as a place to do business.
News UK is currently based in Thomas More Square in Wapping. HarperCollins is currently in Hammersmith and will use The Place as its London headquarters while keeping offices in Glasgow and Yorkshire. Dow Jones currently has offices in Holborn and the City.
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.