Spain's largest property company Metrovacesa is reportedly in talks to sell the HSBC building in London's Canary Wharf back to the bank as its £810 mln loan on the asset matures on Thursday, Bloomberg reported. According to the news agency, the two groups are negotiating the price for the sale after Metrovacesa failed to refinance the acquisition.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
