(17 November 2009 – UK) HSBC has announced the sale of its London headquarters to the National Pension Service of South Korea (NPS).The sale of the headquarters for £772.5 million (A$1.38 billion) in London’s distinctive Canary Wharf business district along the River Thames is part of a deal that sees HSBC leaseback and remain occupancy of the building.
Ken Harvey, chief technology and services officer, HSBC, said that the group actively manages their global real estate portfolio in accordance with the needs of its businesses and the interests of its shareholders.
HSBC is delighted the National Pension Service of Korea, which is one of Asia’s largest sovereign investors, will be the bank’s new landlord, Mr Harvey added.