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LONDON (AP) – HSBC Holdings PLC is to sell its London headquarters in Canary Wharf, its property adviser confirmed late Friday.
The building is expected to fetch up to 1 billion British pounds ($1.97 billion), which would make it the most expensive office building in Britain.
Located at 8 Canada Square, the 656-foot tall tower has 1.1 million square feet of office space on 45 stories.
HSBC, Europe’s largest bank measured by market capitalization, plans to continue occupying the building and is proposing to lease it back on a 15-year lease at a rent of about 45 million British pounds ($88.5 million) per year.
This article, HSBC to Sell London Headquarters, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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