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BlackRock has conducted a preliminary viewing of HSBC's 42-storey 8 Canada Square as a possible new London headquarters, according to the Financial Times and City AM. The world's largest asset manager is searching for a single building of at least 600,000 sq ft to consolidate more than 3,000 UK staff currently based at Drapers Gardens in the City. Buildings at 75 London Wall and Bishops Square in Shoreditch are understood to be alternative options, with no deal yet close to agreement. HSBC is due to vacate 8 Canada Square in 2027 after more than two decades, relocating its 8,000-strong workforce to the refurbished 8 Bishopsgate. Canary Wharf Group chief executive Shobi Khan said the estate “continues to attract a diverse range of global businesses,” pointing to recent commitments from Visa, JP Morgan and Deutsche Bank as evidence of renewed occupier demand. |
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Financial Times (31/03/2026) City AM (31/03/2026) |