The mixed-use project is a joint venture project which relied on the engineering expertise of partners London Underground and National Rail. The bold glass and steel commercial building provides 389,000 square feet of office space in the City of London suspended above the re-development of Cannon Street station.
The Lord Mayor of the City of London, The Right Honourable Alderman Michael Bear, attended a gala lunch at the new development, which was hosted by Hines.
The Mayor announced that the building was officially open for business, and stating that the finished project "represents a significant milestone in the confidence I believe we are seeing return to the city."
He went on to say that the Cannon Place project "represents a building completed at the right time, in the right place."
Bear highlighted the significance of the development for London's "future prosperity" and expressed his belief that it would "attract global corporate occupiers to help London maintain its position as the world’s greatest financial centre.”
Hines' project director for the property, Mark Swetman stated that the company had previously received "signifcant in the building" and were eagerly anticipating welcoming the "first tenants very soon."
Structurally the building is an impressive engineering accompliment, utilising complex bridging techniques to span the Cannon Street tube and railway station. Internally the building has been designed to achieve a BREEAM ‘Very Good’ rating.
Cannon Place delivers almost 400,000 square feet of Class A office rental space, spread over eight floor, in EC4. The upper floors offer incredible panoramic views across the London skyline toward St Paul’s Cathedral. Once fully occupied, the building will provide a workplace for up to 4,000 people.