INDUSTRY NEWS

Confederation of British Industry to move to Cannon Place London offic

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Hines has announced the Confederation of British Industry (CBI) will move its London office to Cannon Place in the new year.

The development and asset management firm has confirmed CBI will move into the property, taking up 25,000 sq ft of London office space on the fourth floor of the office building located above Cannon Street station.

Hines director, Mark Swetman, said: “Attracting the UK’s most prominent business organisation is a real coup, and we’re thrilled to welcome the CBI to Cannon Place.  It is a premium building, which we always knew would attract premium tenants.

“We are particularly pleased by the speed at which we were able to close the deal, and we look forward to the CBI arriving at the building next Spring.”

In total, Cannon Place offers 400,000 sq ft of London office space across its eight floors and earlier this year it was also confirmed law firm, CMS Cameron Mckenna, had let 140,000 sq ft of the building.

CBI director-general, John Cridland, added: “Centre Point has been the CBI’s home for over 30 years so the decision on a new location has been hugely important to us.

“We are delighted to have found Cannon Place – it is a great building in a prime location with easy access to transport links for our members and our staff.

“Next spring really will be a time of renewal as we mark the beginning of an exciting new chapter in the CBI’s history.”

Cannon Place was awarded the best ‘Commercial Workplace’ award at the British Council for Offices award in October 2013. Around 225,000 sq ft of office space is still available at the property on its upper floors.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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