HSBC Holdings may sell three of its signature office buildings, including its world headquarters at Canary Wharf in London, to raise cash as it tries to avoid a bailout from the British government.
HSBC is gauging interest in its 45-story tower at 8 Canada Square in London, its Fifth Avenue skyscraper in New York and its Paris offices on the Champs Elysées, said Ruth Lavelle, a spokeswoman in London for HSBC. The Sunday Times of London reported the potential sales Sunday at a combined asking price of £2.7 billion ($3.96 billion). Ms. Lavelle, in an e-mail message, said she could not confirm a price.
Read Bob Ivry’s full article “HSBC May Sell London Headquarters, Buildings in New York, Paris” in Bloomberg (April 12, 2009).