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HSBC could sell buildings for pounds 2.7bn.

BANKING giant HSBC says it has received interest from potential buyers after confirming it was considering selling three of its major office buildings.

The company may sell and lease back the buildings, which includes its headquarters in London's Canary Wharf and bases in New York and Paris..

Newspaper reports suggested over the weekend that HSBC, which recently raised almost pounds 13bn in a rights issue, could be looking to net up to pounds 2.7bn from the sale.

HSBC spokesman David Hall said yesterday: "We are taking a look at the market.

"There are people interested in buying at an appropriate price."

HSBC is believed to be considering making more acquisitions in Asia.

Alex Tang, head of research at Core Pacific- Yamaichi International, said: "HSBC has just raised funds from a rights issue, and the possible sale of offices could further boost its cash level and thus benefit the bank in its future acquisitions."

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HSBC's Canary Wharf headquarters, left
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Publication:Daily Post (Liverpool, England)
Date:Apr 14, 2009
Words:161
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