May 2, 2022
HSBC to leave longtime New York headquarters for new west side tower
HSBC is moving its US headquarters to a new Tishman Speyer-developed tower on the west side of Manhattan, joining a flight of tenants to top-tier office space outside of the island's central Midtown office district. Office attendance in New York is still below 40 per cent, according to the mayor's office. There is a growing consensus among developers and property executives that, in an era of flexible working, owners of New York's older towers will have to embark on expensive redesigns or accept lower rents. HSBC's longtime US home on Manhattan's Fifth Avenue consists of a 1980s-era glass tower that wraps around the historic Knox Building. Israel's Property and Building Corp sold the tower to New York's Innovo Property Group in December for $855mn, taking a $45mn loss.
Related companies
Make a complaint about HSBC by viewing their customer service contacts.
