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Microsoft buys 300+ acres of land for $30M for ‘potential future use,’ growing European presence

Microsoft bought an enormous chunk of land in jap Sweden that the corporate mentioned it should maintain on to for “potential future use.”

The municipalities of Gävle and Sandviken introduced the deal Tuesday, saying the tech large has acquired 130 hectares (321 acres) of land for $29.6 million. Microsoft mentioned in an announcement it has been in Sweden for greater than 33 years and it has greater than 600 staff there.

Right here is the total assertion from Microsoft:

We’re buying land in Gävle and Sandviken for potential future use in anticipation of must assist our increasing presence in Europe. We’ve been working in Sweden for 33 years the place we at the moment make use of about 600 folks, primarily in Stockholm, Gothenburg and Linköping. As we glance to the future, we are going to work straight with the municipalities and residents as our plans develop.

The land Microsoft acquired is almost two-thirds the scale of the tech large’s house base in Redmond, Wash. That campus is house to tens of hundreds of staff and 125 buildings totaling 15 million sq. ft.

Gävle is house to greater than 100,000 folks, and it buts up towards the Baltic Sea. It’s about an hour away from the Stockholm-Arlanda worldwide airport and is house to the College of Gävle, a 13,000-student establishment that features fields of examine like surveying and mapping, artistic software program engineering, well being promotion and well being training.

Sandviken is about 20 miles west of Gävle and is house to about 40,000 folks. A number of main export companies are situated in Sandviken, and the world as an entire is house to a number of worldwide firms within the forestry and communications industries.

The 2 municipalities say the Microsoft deal strengthens the world as a “trendy industrial area.”

“It is rather thrilling that an organization like Microsoft, with such magnitudes inside the digital infrastructure, is fascinated with giant land areas in our area,” Patrik Stenvard, chairman of the municipal council in Gävle, advised iHubs Sweden. “Our aim is to turn into one of the area’s largest industrial institutions.”

PopCash.net

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