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April 25 (Reuters) - London's largest and most expensiveoffice building, HSBC's global headquarters, is up forsale and could fetch over 1.1 billion pounds ($1.85 billion), arecord price for the British market, the Financial Timesreported.
The Canary Wharf-based 44-storey, 1.1 million square footbuilding is being marketed by estate agents JLL and GM RealEstate, according to sources familiar with the matter, the FTsaid. (http://link.reuters.com/maq78v)
At the height of the British property boom in 2007, the HSBCtower became the most expensive building in London when it soldfor 1.09 billion.
The FT said HSBC had a 13-year lease on the building and iscommitted to annual upward-only inflation-linked rent reviews,citing sources familiar with the tenancy arrangements. Thiswould make it an attractive proposition for investors seeking ahedge against inflation.($1 = 0.5953 British Pounds) (Reporting by Richa Naidu in Bangalore; Editing by Bernard Orr)
