Korea NPS buys HSBC London headquarters

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SOUTH KOREA/UK - South Korea's National Pension Service has agreed to buy HSBC Holdings' London headquarters for £772.5m (US$1.3bn) in cash.

Under the agreement, the bank will continue to occupy the building - located in London's Canary Wharf - for the remaining 17.5 years of the existing 20 year leaseback period at a current rent of £4...

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