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Europe’s biggest bank HSBC has agreed to sell its headquarters in Paris

Europe’s biggest bank HSBC has agreed to sell its headquarters in Paris on funds belonging to private investors. As reports Bloomberg, the amount of the transaction amount to 400 million euros (574 million dollars).

Fund operated by French Properties Management to own a building HSBC head office on the Champs Elysees and the building on a nearby street. Transaction under the scheme “sale & leaseback” (sale with right to follow the lease of the building) will be closed in the first quarter of 2010. Rent headquarters of HSBC will be able to for nine years.

The fact that HSBC, experiencing a crisis due to financial constraints, will sell at once three headquarters (in London, Paris and New York) became known in March 2009. The newspaper The Times reported that the bank plans to earn a real estate 2,7 billion pounds sterling (about $ 4 billion). Analysts noted that the cost of these office complexes in the two years has decreased by almost 45 percent, and so the bank can earn on their sales, only 2,265 billion dollars. In particular, the experts stated that for the London headquarters of HSBC can get 1.2 billion dollars for Paris about 665 million, for high-rise in New York – 400 million dollars.

In October, HSBC has agreed to sell its headquarters in New York, an affiliate of the holding company IDB Group Israeli businessman Nochi Dankner. It was reported that 330 million dollars for high-rise area of about 80 thousand square meters of British bank will get cash. In November it became known that the principal London office of HSBC for 1.3 billion dollars will be sold to the South Korean National Pension Fund. Both deals are on the scheme “sale & leaseback”.