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CMS and FFW battle it out for City office space

7 March 2013 | By Joshua Freedman

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CMS Cameron McKenna and Field Fisher Waterhouse (FFW) are both vying for office space in City site Cannon Place as the two firms continue in their plans to move buildings.

Both firms are considering taking space at 78 Cannon Street above Cannon Street tube station, with the duo understood to be competing against each other for the deal. There is, however, enough space on the site for both firms.

FFW has shortlisted the site, while CMS is considering the 389,990 sq ft location for a move away from its current Mitre House office at 160 Aldersgate Street, according to real estate news service CoStar News.

Cannon Place, owned by Hines, has emerged as the second site shortlisted by FFW after The Lawyer revealed last month that it was also considering 10 Aldermanbury off London Wall (12 February 2013). It is planning to shift its two current London bases into one City site and is looking for roughly 65,000-70,000 sq ft.

CMS’s space requirement is 170,000 sq ft, according to CoStar News, which also cites Mitsui & Co and WorldPay as groups interested in Cannon Place.

CMS last year did a U-turn after announcing it would move out of Mitre House and into new-build skyscraper Principal Place in 2015 (16 January 2012).

CMS and FFW declined to comment. Hines was unavailable for comment.


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Readers' comments (8)

  • Anonymous | 7-Mar-2013 3:26 pm

    Why though? It's such an ugly building.

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  • Anonymous | 7-Mar-2013 4:54 pm

    I wonder if there are any good pubs around there?

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  • Edie Britt | 7-Mar-2013 5:08 pm

    The landlord's agents will be having a field day with this one. Multiple competing tenants. However FFW will hope they don't read about all the merger rumours involving FFW, not good for covenant strength etc.

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  • Anonymous | 7-Mar-2013 5:08 pm

    Why don't they merge and move to some old building. They are both well used to dumpy offices.

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  • Anonymous | 7-Mar-2013 5:23 pm

    Gicen that CMCK is supposed to be a "European" firm wouldn't it be better off moving to the St Pancras area. There are new offices being developed and it would have great links via Eurostar.

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  • Ann Onymous | 8-Mar-2013 11:30 am

    FFW are on the brink of collapse.

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  • John Onymous | 8-Mar-2013 6:07 pm

    I guess the CMS layoffs were necessary for the move... law firms always showing good taste...

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  • Anonymous | 20-Mar-2013 4:20 pm

    Turnover is down, profits are down, WIP is way down, debtors are way up, ( hence no special drawings!), key partners are exiting, management is at war with itself, their Finance Director has resigned and the historically most profitable part of the firm - Personal Injury and Medical Negligence - is facing a pretty dire future together with all similar practices.

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