Paris, France People Using UTM Cash Machines outside, HSBC Bank Corporate Headquarters Buildings, Front, Facade,
Paris, France- People Using UTM Cash Machines outside, HSBC Bank Corporate Headquarters Buildings, Front, Facade, LONDON, Dec 21 (Reuters) - HSBC (: Quote, Profile, Research), Europe's largest bank, has sold its Paris offices for 400 million euros ($573 million) to private investors represented by French Properties Management, completing the sale of three properties worldwide. HSBC France, a HSBC Holdings unit, has agreed to lease the buildings at 103 avenue des Champs-Elysees and 15 rue Vernet for nine years, with break clauses in the fourth, fifth and sixth years, the bank said in a statement on Monday. Over the past two months, HSBC has sold its European headquarters at London's Canary Wharf to South Korea's National Pension Service for $ billion, and its New York City building to Isreal's IDB Holding Corp (: Quote, Profile, Research) for $330 million. [nSE0329394] [nL4607130] HSBC said the Paris agreement would be completed in the first quarter of 2010, subject to conditions, with a subsidiary of a French OPCI (Organisme de Placement Collectif Immobilier) established for the transaction. The deal was conditional on the City of Paris not exercising its right of pre-emption to buy the buildings in the two-month period immediately after the agreement, HSBC said. (Reporting by Daryl Loo; Editing by Andrew Macdonald)
Size: 5203px × 3461px
Location: Paris, France, 103, Avenue Champs-Elysees, 75008
Photo credit: © Business / Alamy / Afripics
License: Licensed
Model Released: No
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