British banking giant HSBC has agreed to sell its New York head office to Israeli investment holding company IDB Group for $330 mln (€224 mln) in cash. The London-based bank will lease back the entire New York building for one year, and floors one to 11 for a further 10 years. The deal is expected to close in the first quarter, the bank said.
British banking giant HSBC has agreed to sell its New York head office to Israeli investment holding company IDB Group for $330 mln (€224 mln) in cash. The London-based bank will lease back the entire New York building for one year, and floors one to 11 for a further 10 years. The deal is expected to close in the first quarter, the bank said.
HSBC is also understood to be considering an offer from a Korean investment fund for its London office at Canary Wharf. Its Paris head quarters on Champs Elysee has also reportedly been put on the market.
