Spanish property company Metrovacesa is to pay £1.09bn for the London headquarters of HSBC in the UK's biggest-ever single-property deal. Financial Times. The Times. The Independent. Daily Telegraph. The Guardian. BBC
The purchase price for the 1.1m sq ft 8 Canada Square in Canary Wharf reflects a yield of 3.8% and is thought to be the highest price paid for a big UK office block.
HSBC is considering similar sale and leasebacks for its offices in Sheffield and Birmingham. A sale and leaseback of HSBC’s Park Street offices in Southwark, covering 100,000 sq ft, is also on the cards, said Richard Spence, head of the bank’s special operations.
No comments yet