Fiat Chrysler Automobiles Chooses an HQ in London

Fiat Chrysler Automobiles NV will establish its global headquarters on three floors of a building in London's West End, described as the world's most expensive office district.

The space, which is located near Buckingham Palace, also will house the headquarters of CNH Industrial NV, the company Fiat created last year by merging its CNH farm machinery and Fiat Industrial businesses.

Brokers tell Bloomberg News that office space in the West End costs about $277 per square foot (€2,300 per square meter).