 Google Maps view of Apple land holdings (Source: Apple Insider)
Apple is the largest landowner in Cupertino with new purchase
Steve
Jobs and crew have gobbled up some more land in Cupertino that was
formerly used by HP. The campus that Apple has purchased is 98 acres
in size and was the home to some of HP's operations until this summer
when the company moved out.
HP has owned the land for 20 years
before it decided to consolidate operations in Palo Alto California
according to Apple
Insider. Mercury
News wrote,
"[The campus] 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."
The purchase reportedly
makes Apple the largest landowner in Cupertino and helps the city to
fill in the million bucks per year in lost taxes HP reportedly payed.
Apple and HP have made no official announcement on the value of the
deal, but Apple
Insider
reports that some sources in the real estate industry claim Apple
could have paid as much as $300 million or the property.
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
purchased the new land despite the fact that it has only recently
started to use some of the buildings that were in place on land that
it purchased in2006. The delay in using the 2006 land purchase was
due to issues getting the land zoned for commercial use.
“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs
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