Hines, the global real estate investment, development and management company, agreed to sell Cannon Place to Deka in November last year after achieving full occupancy.

Savills represented Deka on the acquisition, while CBRE represented the seller.

Cannon Place, which was completed in 2011, was developed by Hines in partnership with Network Rail and London Underground.

Designed by Foggo Associates, it comprises 418,198 sq ft of grade-A office, retail and ancillary accommodation.

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Its current tenants include: CMS Cameron McKenna, Threadneedle Asset Management, Franklin Templeton, i2 Offices, the CBI and BLME.

John Heaver, director at Savills, said: “This prized landmark, core City of London development has excellent transport links, a rich mix of tenants and unusually long income.”

Ross Blair, senior managing director and head of Hines UK, added: “Hines is incredibly proud of this project which was borne out of high-quality architecture and engineering solutions. 

“The development attracted a prestigious occupier line-up, which is testament to the space created and its location in the heart of the City.”