Hsbc Buys Back Hq at [Pounds]250m Less

Summary


THE economic downturn today enabled HSBC to buy back its headquarters building in Canary Wharf at a discount of [pounds]250 million to the price it sold the building for last year.

In May 2007, HSBC sold 8 Canada Square to Spanish property firm Metrovacesa for [pounds]1.09 billion under a deal in which it leased the building back for 20 years.

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Hsbc Buys Back Hq at [Pounds]250m Less

However, the credit ...

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