HSBC has appointed Cushman & Wakefield to conduct a strategic review of its occupational requirements for its global headquarters in London and to advise on its long-term property strategy.
The banking and financial services institution has selected the Cushman team to inform its real estate strategy by using market insight on workplace experience, sustainability and wellness.
In September 2022 HSBC announced that owing to the evolution of hybrid working and an upcoming 2027 lease expiry, it would be undertaking a review of the best future location in the capital for its global headquarters.
The bank has not ruled out the option of staying in its current building, 8 Canada Square, E14 (pictured). HSBC has occupied the 45-storey building since 2002.
Future ambitions for the move include more flexibility and dynamism in the new HQ building, to meet the needs of both colleagues and clients. The move comes following HSBC’s announcement in December 2022 that it would be shutting a further 114 branches by April, as more customers migrate online.
James Meikle, head of London occupier representation at Cushman & Wakefield, said that the firm has “a long track record of supporting clients in the banking and financial sector”, adding that it will “work with HSBC to provide the analysis and data to enable the company to make an informed decision on its future headquarters in London.”
Cushman & Wakefield was appointed by HSBC following a competitive tender process.
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