Qatar’s sovereign wealth fund is rethinking its plans for the HSBC tower in London’s Canary Wharf to preserve more office space, driven by a global rebound in demand as firms require employees to return to the workplace, according to Reuters.
The Qatar Investment Authority is considering maintaining up to 80% of the 45-storey building as office space after HSBC exits in 2027, the news agency reported, citing sources.
QIA, which acquired the tower for £1.1 billion ($1.4 billion) in 2014, had previously proposed more ambitious alternatives for the property, including uses such as leisure, entertainment, education and possibly a theatre.
