Universal Music Publishing Group

Signage of Universal Music Publishing Group hangs outside the company headquarters in Santa Monica, California.

Patrick Fallon/Bloomberg via Getty Images

Universal Music is moving its UK headquarters from High Street Kensington to a new 177,000 sq ft building in King’s Cross, the label group confirmed on Monday. According to City A.M., Universal will shuffle its 1,000 employees -- including teams from UMPG and See Tickets -- to the building a few months after it is completed in mid-2017.

Universal is reportedly set to occupy the entire 10-story building, which will have a rooftop garden, a “destination” restaurant, balconies on every level and special access for bicycle commuters (see cycling directions below).

"Kings Cross is fast emerging as a creative hub for London," Universal's chairman and UK chief executive, David Joseph, said in a statement. “It's going to be an energising place to work and feels like a natural home for Universal Music with many opportunities for collaboration and inspiration literally on our doorstep."

The label’s current neighborhood is also home to its major label rivals Sony Music and Warner Music.