HSBC Holdings agreed to sell its New York City headquarters for $330m in cash to a company controlled by Israeli businessman Nochi Dankner.
The London-based lender will lease back the tower at 452 Fifth Avenue, according to a company statement. HSBC agreed on the transaction with 452 Fifth Owners LLC, a company owned by Koor Industries and Property & Building, both controlled by Danker’s IDB Holding Corp.
HSBC is selling some of its landmark office buildings to raise cash. South Korea’s National Pension Service said 28 Sept it’s interested in HSBC’s headquarters in London’s Canary Wharf.