Rupert Murdoch's News Corp to Move Into New London Headquarters
LONDON -- Rupert Murdoch's News Corp said Friday it plans to move its operations in the British capital into a single location on the south bank of the Thames River.
The new London headquarters at The Place will for the first time house all the businesses and staff of British newspaper arm News UK, Dow Jones and HarperCollins together.
Relocation will begin in the summer of 2014, the new standalone publishing of the media mogul said.
“Our new London location in the vibrant borough of Southwark will allow us to realize one core objective as the new News -- to work more closely and creatively, and leverage our collective resources,” said News Corp CEO Robert Thomson.
The Place resides alongside London skyscraper The Shard in the heart of the London Bridge neighborhood. It is part of a redevelopment near key travel hubs.
News UK is currently based in London's Tower Hamlets neighborhood, HarperCollins is in Hammersmith, and Dow Jones has offices in the Holborn area and London's financial district.
The publishing giant's global corporate headquarters remains in New York's midtown Manhattan.
Peter John, the leader of the Southwark Council, said in a statement: “I am delighted that News Corp will be moving to such an iconic location in Southwark -- bringing new jobs and opportunities to this part of London. The move underlines Southwark’s growing reputation as a place to do business and endorses our work as a council to generate real economic growth.”