The London office of US developer and investor Hines has announced 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 (37,000 m2) of prime office space, new retail amenities and incorporating the re-development of Cannon Street station.

'The completion of this development represents a significant milestone in the confidence I believe we are seeing return to the city,' commented the Lord Mayor of London, Michael Bear. '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 one of the largest schemes to complete in the city this year.

Mark Swetman, Hines' project director for Cannon Place said, 'We were already receiving significant interest in the building, and now that Cannon Place is complete, we look forward to welcoming our first tenants very soon.'

Cannon Place has been developed in partnership with Network Rail and London Underground, with the scheme incorporating the re-development of the two previous office buildings (acquired by Hines from MWB in 2002), and the renovation of Cannon Street station, one of London's busiest transport hubs.

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