The Competition and Markets Authority has secured new headquarters in London’s Canary Wharf.
The UK competition watchdog has signed a 15-year lease for 112,000 sq ft of office space at Hines’ The Cabot. Quoting rents for the area are above £45 per sq ft.
The non-ministerial government department’s lease agreement covers part of the ground floor and floors seven, eight and nine of the building, which is currently undergoing a comprehensive redevelopment.
The CMA’s current headquarters are in Holborn at Victoria House, 37 Southampton Row.
GVA acted for the Competition and Markets Authority; Hines was advised by Knight Frank, CBRE and Squarebrook.
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