The Confederation of British Industry (CBI) is to move its headquarters to new offices in Cannon Street, London, after more than 30 years at its present Centre Point home.
Staff at the UK's leading business organisation will make the switch to a 25,000 sq ft space on the fourth floor of the eight-floored Cannon Place development in the spring.
The CBI director-general, John Cridland, said he was looking forward to the move to the new offices, on which the organisation has signed a 15-year lease.
“Centre Point has been the CBI’s home for over 30 years so the decision on new location has been hugely important to us," he said.
“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.”
Mark Swetman, director at international real estate firm Hines, which developed Cannon Place, 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.”
Earlier this year, Hines completed a 140,000 sq ft letting to law firm CMS Cameron McKenna at Cannon Place, which was developed in partnership with Network Rail and London Underground. The scheme incorporating the re-development of the 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.
Cushman & Wakefield acted for CBI, with Savills and CBRE representing Hines.
Source: CBI www.cbi.org.uk 9. December 2013