Hines has lost the first tenant that was lined up to take space at its speculative 400,000 sq ft Cannon Place, EC4.
The brokerage arm of French bank Credit Agricole was under offer to take 50,000 sq ft at the City office scheme, which completed last year.
However, Credit Lyonnais Securities Asia has pulled out of the letting following the collapse of a corporate deal with Citic Securities, a Chinese brokerage house. It went under offer in January at a rent of £57.50 per sq ft on a 15-year lease, with 39 months rent-free.
CBRE and Savills are acting for Hines; Jones Lang LaSalle is advising CLSA.
All parties declined to comment.
jack.sidders@estatesgazette.com
