The largest deal recorded by PropertyEU between 1 - 5 December was the agreement by Spain's debt-strapped property giant Metrovacesa to sell the HSBC headquarters in Canary Wharf, London back to HSBC for a total of £838 mln (EUR 968 mln). HSBC financed the transaction last May and is booking a gain of approximately £250 mln on the unravelled deal.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
