PropertyEU

Metrovacesa to sell HSBC HQ back to bank for £838m

By A staff reporter 2008-12-01T00:00:00

Metrovacesa, Spain's largest property group, is seeking to sell the HSBC headquarters in London's Canary Wharf back to the bank for £838 mln (EUR 1.1 bn), just over one year after buying the asset in a sale-and-leaseback transaction for £1.1 bn (now EUR 1.3 bn).

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