Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Dollar Steady as Markets Await U.S. Inflation Data 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
U.S. Stock Futures Flat Ahead of July CPI Data 
Gold Prices Rise as Fed Rate Hike Bets Ease 
ADNOC Gas Targets Up to $4B Profit in 2026 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Lego Group formally announced the new location for its headquarters in North America. The Danish plastic toy maker revealed it will be moving to Boylston Street in Boston, Massachusetts.
According to The Boston Globe, the Lego Group will lease 100,000 square feet of office space in a highly visible building that is still under construction. It is located at the end of the Massachusetts Turnpike, and with the building in the state of near completion already, the company is now preparing to move its new home.
The company said on Monday, Aug. 21, that it chose 1001 Boylston St. to be the site for its new head office and lab building. This will be its new Americas HQ, and the whole team is looking forward to a new environment.
In January this year, the Lego Group first mentioned that it will be leaving its Enfield, Connecticut office to move to Boston. The toymaker said it will bring along around 740 jobs to its new workplace. This is said to be the company's largest office in recent years.
The governor of the state, Gov. Maura Healey, described Lego's move to their territory as an incredible opportunity to generate new jobs and innovation while inspiring the next generation of leaders simultaneously.
In any case, the Denmark-based toymaker said it will move to the building in Boylston St. and will occupy five floors. The 100,000 square feet area is said to be enough to accommodate the company's 700 to 750 employees.
Lego will not be moving all of its staff at the same time, but they will be relocating there in phases. The company said it expects to fully open its new Boston HQ by mid-2025, and its Connecticut office will be shut by the end of 2026.
"We are incredibly excited to be moving to a new location with such a rich history, ideally located in Back Bay, between Boston and Cambridge," Lego Group America's president, Skip Kodak, said in a press release. "1001 Boylston Street represents an investment in our future and a commitment to our employees. We believe that a modern, collaborative work environment will help creativity and innovation thrive, and we're excited to see what we can accomplish in this new space."
Photo by: Lego Press Release
