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Facebook opens new London headquarters

Facebook Inc. opened its new London headquarters in Rathbone Place, off Oxford Street in central London, that will serve as its largest computer engineering base outside the U.S., The (U.K.) Telegraph reported.

The seven-story, 247,000-square-foot office will serve as a base for 800 new staff members the social media giant plans to add to its payroll and will also house technology startups, the Dec. 4 report noted. Facebook's first internal startup incubator LDN_LAB will also find a home at the new headquarters.

Reuters also noted in a same-day report that the London expansion plans of digital giants like Facebook, Google and Amazon have not been hampered by Brexit.

The mixed-use property that houses the office was sold by Great Portland Estates Plc to an entity owned by Deka Immobilien Investment GmbH and WestInvest Gesellschaft Für Investmentfonds mbH in a £435.0 million deal earlier in 2017.