Apple Buys 98 Acre Former HP Campus in Cupertino
Apple has further increased its presence in Cupertino after snapping up 98 acres of land that previously belonged to HP, who left the site this summer after 20 years there.
According to Mercury News, the HP site, which neighbors Apple land bought in 2006, became vacant after HP moved to consolidate its operations in nearby Palo Alto. The report explains the HP site, “has housed parts of that company’s personal computer division as well as some of its commercial software and hardware units. It’s also home to a high-tech ‘briefing center’ where HP holds meetings and shows off products to corporate clients.”
Apple’s Head of PR, Steve Dowling, said, “we now occupy 57 buildings in Cupertino and our campus is bursting at the seams. These offices will give us more space for our employees as we continue to grow.”
Apple is now the largest landowner in Cupertino, California, and city officials were delighted to see Steve Jobs and crew take HP’s place, filling the hole in tax revenues that HP’s departure would have contributed to the city, which real estate officials believe to be an estimated $300 million. The Mercury report explains that the Mayor of Cupertino, Kris Wang, said, “we’re very proud to have Apple’s headquarters in our city. It’s not just a company. It’s the company.”
Despite its campus “bursting at the seams,” Apple has only started to use some of the existing buildings on its land purchased in 2006, and are yet to release any plans for the new land acquired.