Landmark City of London office scheme complete

Cannon Place heralded as a symbol of the City's vision and conviction to thrive as global centre

Article posted: 04 Oct 2011

The London office of Hines, the international real estate firm, is celebrating the completion of its new Cannon Place landmark office development in the heart of London. The project is a joint venture with Network Rail and London Underground, delivering almost 400,000 sq ft of prime office space in the City of London together with new retail amenities and incorporating the re-development of Cannon Street station.

Addressing an audience at a gala lunch hosted by Hines at the new building, the Lord Mayor of London, The Right Honourable Alderman Michael Bear, officially declared the building complete and open for business, stating that: “The completion of this remarkable development represents a significant milestone in the confidence I believe we are seeing return to the city. At a time when the supply of high quality office space is limited, Cannon Place represents a building completed at the right time, in the right place. It is not only one of the largest schemes to complete in the city this year; it is aesthetically stunning and is a tremendous addition to the city’s streetscape. 

“Buildings such as Cannon Place are crucial for the future prosperity of the city, providing the environments to attract global corporate occupiers to help London maintain its position as the world’s greatest financial centre.”

The building itself represents a major feat of engineering.  Made from glass and steel, Hines has adopted complex techniques used in the construction of the world’s major suspension bridges, to give the dramatic appearance of the building ‘floating’ above the station. When complete and fully occupied, the building will provide a workplace for up to 4,000 people.

Built over eight floors, Cannon Place delivers 389,000 sq ft of highly specified, contemporary Class A space. Each floor offers 50,000 sq ft of efficient and virtually column-free space with uninterrupted light. The upper floors provide spectacular panoramic views across the city skyline toward St Paul’s Cathedral. On the ground floor adjacent to the station entrance there is provision for up to 10,000 sq ft of retail space. 

CB Richard Ellis and Savills are the joint leasing agents for the property.

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Posted by Janet