-
Advertisement

HSBC puts three towers on sale to raise GBP2.7b

Reading Time:2 minutes
Why you can trust SCMP
SCMP Reporter

HSBC Holdings is seeking to sell three of its biggest office towers including the headquarters at Canary Wharf in London to raise up to GBP2.7 billion (HK$30.64 billion), according to Britain's Sunday Times.

The newspaper yesterday cited a source as saying HSBC would sell three office blocks including the Docklands headquarters, the French base on Champs Elysees and the offices in New York.

CB Richard Ellis has been appointed to head the sale process, with a supporting role from Jones Lang LaSalle, it said.

Advertisement

An HSBC spokesman yesterday said it had no comment on the market rumours.

The bank intended to lease back the offices for a 10-year term after the transaction, the report said. However, the deal could lapse if there were no interested buyers, it added.

Advertisement

This will be HSBC's second sale of its London headquarters in two years.

Advertisement
Select Voice
Select Speed
1.00x