UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
'HSBC confirms that is in exclusive negotiations with a unit of a French Organisme de Placement Collectif Immobilier,' the UK bank said in a statement.
The properties, located at 103 avenue des Champs Elysees and 15 rue Vernet, offer over 33,000 m2 of space combined and could fetch up to EUR 400 mln.
Last week, HSBC said it agreed to sell its UK headquarters in Canary Wharf, London to the National Pension Service of Korea (NPS) for £772.5 mln (EUR 863 mln) in cash. The bank said that the sale to NPS would result in a gain of about £350 mln. In October the lender also sold its New York headquarters to Israeli investment holding company IDB Group for $330 mln (EUR 222 mln).
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