HSBC is close to selling a trio of landmark offices in London, New York and Paris to boost its balance sheet by around US$2 billion by the end of the year, a person familiar with the matter told Reuters.
Europe’s biggest bank has been mulling offers to sell its premises on New York’s Fifth Avenue, the Champs Elysees in Paris and London’s Canary Wharf for several months. It is now in advanced talks with buyers on each asset with a view to striking deals within weeks, the source said.
‘We can confirm we have received expressions of interest in the properties and we are evaluating those expressions of interest,’ a spokesman for HSBC told Reuters.
Bids for the New York office have come in at between US$350 million and US$400 million, the source said. The London and Paris buildings have attracted offers of around US$1.3 billion and US$500 million respectively, he said. Continue reading
Lush Dream Home 