Franklin Templeton Investments, the US-based investment management company, has taken around 35,000 sq ft on the fifth floor of the 400,000 sq ft office building, located above Cannon Street station. The firm have signed a 15-year lease, relocating from The Adelphi, WC2, to Cannon Place, which will become their UK headquarters.
The company becomes the third tenant at Cannon Place, joining law firm CMS Cameron McKenna and the UK’s leading business organisation, the CBI, who have let 140,000 sq ft and 25,000 sq ft respectively. Following recent letting activity and strong occupier interest, Hines, asset managers of Cannon Place, are confident of converting this into further lettings before the end of this year.
Cannon Place was developed in partnership with Network Rail and London Underground. The scheme incorporated the re-development of two previous office buildings and the renovation of Cannon Street station, one of London’s busiest transport hubs which serves 27 million passengers a year.
Mellersh & Harding acted for Franklin Templeton. Savills and CBRE represented Hines.
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