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South Korea NPS to seal US$1.3 bil. HSBC HQ deal

SEOUL/LONDON -- South Korea's National Pension Service (NPS) will sign an 800 million pounds (US$1.33 billion) sale and leaseback deal next week for HSBC's European HQ in London, an official at the fund said on Friday.

The landmark deal, one of the world's largest individual property transactions this year, provides evidence of a startling turnaround in Britain's rebounding property market, where fears of a pricing bubble are already growing.

 

 

 

 

 

 

 

 

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