Facebook likes move to much bigger UK headquarters

Social media company increases office space again with change to controversial London development

Staff at social media firm Facebook will have to update their status to "moving" after it agreed to take offices on a former Royal Mail site near Tottenham Court Road in central London.

The company has agreed to take on all of the 227,324 sq ft of office space at One Rathbone Square, a new development by Great Portland Estates (GPE) on a site sold by Royal Mail in 2011. The sale had been criticised because the price paid for the prime 2.3-acre site was 120m and the project has been forecast to generate a profit of almost 100m.