04 November 2016 - London

Fidelity International commits to high-end City development 4 Cannon Street

Pembroke Real Estate’s latest City development overlooking St Paul’s Cathedral pre-let two years prior to completion

Pembroke Real Estate today announced that 4 Cannon Street, its prominent new 106,000 sq ft development in the heart of the City, has been 100% pre-let two years pre-completion to Fidelity International, the global investment and retirement savings business. Fidelity International will move from its current premises upon completion of construction in 2019.

Overlooking St. Paul’s Cathedral, 4 Cannon Street has been designed by PLP Architecture and will benefit from Pembroke’s global development expertise and the application of the latest innovations in design. Both contextual and contemporary in its composition, 4 Cannon Street’s modern façade will embody the classical proportions and rich materials of its neighbours while setting best practices in sustainability. Crafted with salmon-coloured Lazonby sandstone quarried from Cumbria, the property will offer unrivalled views of the City and St. Paul’s through high-performance windows and an impressive panoramic roof terrace. A richly landscaped elevated garden adds an additional outdoor amenity accessible to the public. Designed to create collaborative, flexible, and efficient floorplates, 4 Cannon Street will provide some of London’s most desirable workspaces.

Pembroke has appointed international construction company Mace as main contractor for the development and construction work is currently underway.

Nick Moldon, Pembroke Real Estate’s Head of UK Business said:

4 Cannon Street is poised to become a symbol of a new style of work environment. Just moments from St. Paul’s and other prestigious monuments, 4 Cannon Street will not only offer unparalleled views, but a workplace that uses cutting edge technology to optimise efficiencies.

Pembroke Real Estate is an international real estate advisor that acquires, manages and develops properties in key markets around the world. Pembroke facilitates real estate investments for Eight Roads, the proprietary investment arm of FIL, Fidelity International Limited. Eight Roads invests in prime commercial and residential real estate with a portfolio of properties in London, Tokyo, Stockholm, Oslo and Helsinki.

4 Cannon Street is Pembroke’s third development project in London, having previously completed both 49 Park Lane and 10 Finsbury Square. Other properties in Pembroke’s London portfolio include 41 Lothbury, One Grafton Street and 25 Cannon Street.

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