Apple Setting Up Shop Across the Pond

Apple has found itself a new home in London: The iconic Battersea Power Station.

As the Evening Standard first reported, Cupertino is gearing up to move into the decommissioned power station located on the south bank of the River Thames, relocating 1,400 employees who currently work out of eight different offices around London into the so-called "cathedral of power."

Before that can happen, however, the site, which has stood derelict for 33 years, will need to be "painstakingly restored" at a reported cost of £9 billion (more than $11.7 billion). Apple is hoping to move into its new London campus in 2021, the Battersea Project Land Company said in a statement. The former coal-fired power station stopped generating electricity in 1983.

"This is a great opportunity to have our entire team working and collaborating in one location while supporting the renovation of a neighbourhood rich with history," Apple said, calling the old power station "one of the city's best-known landmarks."

Once renovations are complete, Apple employees will occupy six floors of office space inside the power station's former boiler house. Apple is leasing 500,000 square feet, or enough space for around 3,000 employees.

Underneath Apple's new campus will be three floors of stores, along with 253 apartments, and a 2,000-seat auditorium, the report notes. Residents are expected to start moving into the first completed area of the 42-acre power station site in early December, with stores and restaurants slated to open next spring.

Back at home, Apple is still working on its huge "spaceship campus" in Cupertino.

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