BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports

BlackRock is considering the Canary Wharf skyscraper that HSBC will vacate next year for its London headquarters, according to the Financial Times. The report is preliminary with no deal announced; the potential transaction would highlight demand for prime London office assets but is unlikely to have a material immediate market impact.

Analysis

BlackRock is considering the Canary Wharf skyscraper that HSBC will vacate next year for its London headquarters, according to the Financial Times. The report is preliminary with no deal announced; the potential transaction would highlight demand for prime London office assets but is unlikely to have a material immediate market impact.