HSBC is looking for buyers for three of its largest offices in London, New York and Paris as part of a global asset sell-off in an effort to secure fresh funding.
Only last week, the bank completed the biggest-ever rights issue in the UK, raising £12.5bn and further distancing itself from many of its rivals that have had to rely on government support.
'We are in the early stages of testing the market as part of actively managing a global property portfolio and will assess interest. If we don’t get the right price we won’t sell,' it said.
The Hong Kong headquarters were not included in the remaining list of property to be considered for sale. HSBC would not give further details on the total sum expected to be raised. It declined to name any other locations in planned sales.
Financial Times, The Times