The global headquarter of HSBC in London is up for sale and this could fetch the bank sp,e 1.1 billion pounds, which will be record price in the British market. The Canary Wharf-based 44-storey, 1.1 million sq ft building is being marketed by estate agents JLL and GM Real Estate. At the height of the British property boom in 2007, the HSBC tower became the most expensive building in London when it sold for 1.09 billion pounds. HSBC had a 13-year lease on the building and is committed to annual upward-only inflation-linked rent reviews. This would make it an attractive proposition for investors seeking a hedge against inflation.
