CMS pulls plans to move into Hammerson's new City skyscraper
CMS Cameron McKenna has cancelled plans to move into a new City skyscraper still under development due to the ongoing problems in the global economy. Hammerson, the building's developer, issued a stock exchange announcement earlier this morning (16 January) stating that the firm had pulled out of discussions to take on around one-third of the space in its new Principal Place skyscraper in 2015.
January 16, 2012 at 07:13 AM
3 minute read
CMS Cameron McKenna has cancelled plans to move into a new City skyscraper still under development due to the ongoing problems in the global economy.
Hammerson, the building's developer, issued a stock exchange announcement earlier this morning (16 January) stating that the firm had pulled out of discussions to take on around one-third of the space in its new Principal Place skyscraper in 2015.
CMS, which agreed an initial pre-let deal with Hammerson last summer, said it was postponing the move due to the market uncertainty, with the firm now planning to explore its options nearer the end of its current lease agreement on Mitre House in Aldersgate Street in the City in 2015.
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