Hang Seng office
By Zhang Fengming |
May 21, 2010, Friday
|
Print Edition
Print Edition
HANG Seng Bank (China) Ltd said yesterday that it has agreed to pay 510 million yuan (US$74.7 million) to buy about 7,000 square meters of office and retail space, together with naming and signage rights, in Shanghai's Lujiazui area in Pudong as its local headquarters.
Hang Seng China will own floors 34, 35 and 36 of HSBC Tower as well as a shop unit at ground level, buying the property from affiliate HSBC Bank (China) Co Ltd. The two banks are both under the HSBC Group.
Conditional upon obtaining the necessary government approvals, the deal is scheduled to be completed by November.
Margaret Leung, chairman of Hang Seng China, said the property purchase reinforces the bank's long-term commitment to the Chinese mainland.
HSBC China is expected to shift its headquarters to a new office building in Lujiazui in the middle of this year.
Hang Seng China will own floors 34, 35 and 36 of HSBC Tower as well as a shop unit at ground level, buying the property from affiliate HSBC Bank (China) Co Ltd. The two banks are both under the HSBC Group.
Conditional upon obtaining the necessary government approvals, the deal is scheduled to be completed by November.
Margaret Leung, chairman of Hang Seng China, said the property purchase reinforces the bank's long-term commitment to the Chinese mainland.
HSBC China is expected to shift its headquarters to a new office building in Lujiazui in the middle of this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
