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Already in Doubt, $855 Million Sale of HSBC’s New York Headquarters Falls Apart

Landlord Property and Building Plans To Pursue New Buyer for 30-Story Tower That’s Losing Its Largest Tenant
HSBC decided not to renew its headquarters lease at 452 Fifth Ave. in New York, leading to the collapse of a planned sale of the building. (CoStar)
HSBC decided not to renew its headquarters lease at 452 Fifth Ave. in New York, leading to the collapse of a planned sale of the building. (CoStar)

The $855 million sale of HSBC’s New York headquarters will no longer be completed, according to the owner, following the global banking giant’s decision not to renew its lease for nearly two-thirds of the building.

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