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BIZCHINA / Finance

HSBC to buy Shanghai office space for up to US$334m

By ()
Updated: 2007-06-21 11:14

HSBC Holdings is set to announce next week the purchase for up to US$334 million from Hong Kong's Sun Hung Kai Properties of more than 600,000 square feet of office space at Shanghai IFC for use as the British lender's headquarters in Chinese mainland.

The transaction comes a month after HSBC agreed to sell its headquarters in London for 1.09 billion stg.

(For more biz stories, please visit Industry Updates)

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