HSBC HQ offered at a loss
The Spanish property giant which spent £1.1bn on HSBC's London Docklands headquarters 18 months ago has offered to sell it back to the bank at a loss.
Metrovacesa, which has been hit by the collapse of the Spanish property market, wants to sell back the 690ft- high Canary Wharf tower for £838m.
This would leave it nursing a loss of 97.9m euros (£82.1m) after currency impacts, Metrovacesa said.