HSBC to Sell Canary Wharf Office Space Tower

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HSBC has announced plans to sell its 42 storey office space tower at 8 Canada Square, Canary Wharf. 


The international headquarters for HSBC is back on the market just months after the company bought it back off Metrovacesa late last year.  The Spanish Metrovacesa had purchased the property in April 2007 for over ~1bn. 


Additionally retail and commercial property magazine Estates Gazette is reporting that further HSBC buildings in Paris and New York could also be on offer as the company tests the market.


Meanwhile Knight Frank has announced that it will be closing its commercial operations in Canary Wharf located at 1 Canada Square, resulting in a number of further redundancies for the agency.


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