"As part of managing a significant global real estate portfolio HSBC is testing the market with three of its landmark property assets. HSBC constantly monitors the commercial property market carefully, making decisions based on what is most appropriate for the business and our stakeholders," HSBC executives said in a statement.
The buildings that could enter the market include the 45-story 8 Canada Sq. here in London, as well as the 29-story 452 Fifth Ave. in New York and its office on the Champs Elysees in Paris. Should the sales take place, HSBC will likely lease its space back from the properties new owner.
CB Richard Ellis has been tapped to oversee the sale process, while Jones lang LaSalle will assist.
To read the The New York Times article click here.
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