HSBC’s home at 24-30 Holborn, EC1, has been put on the market by Great Portland Estates as part of its strategy to recycle capital from smaller properties.
GPE is seeking offers in excess of £20m for 67,029 sq ft Buchanan House, reflecting a capital value of £298 per sq ft for the property.
GPE is offering the property as a refurbishment opportunity, with planning permission for a new eighth floor.
The disposal will be in line with the firm’s strategy of recycling capital out of smaller assets in order to concentrate on larger schemes and assets.
The 7,610 sq ft retail space at Buchanan House is let to HSBC for a term of around 44 years.
DTZ has been appointed to sell the property.
joanna.bourke@estatesgazette.com
