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HSBC Canary Wharf HQ plans 1.1M SF retrofit into mixed-use scheme
The retrofit for 8 Canada Square is projected to cost £800M to £1B and will add a 181-room luxury hotel plus retail at ground level.
Bisnow reports that owners of HSBC’s former 1.1M SF headquarters at 8 Canada Square in Canary Wharf have submitted proposals for a large retrofit that would convert the 45-storey office tower into a mixed-use scheme.
The project, led by Canary Wharf Group, is owned by the Qatar Investment Authority and is jointly owned by QIA and Brookfield. The cost is estimated at between £800M and £1B, and the owners say retrofitting large buildings can cut carbon emissions compared with demolition and redevelopment.
The revised plans would keep the second through 33rd floors as offices, with HSBC having moved out. The 34th through 41st floors are intended to become a 181-room luxury hotel, while the top four floors would be reworked into a visitor experience with a viewing gallery, restaurants, and bars.
Bisnow also notes that the redesign by KPF would create balconies by cutting elements of the original facade, and would add a new ground-floor passage lined with retailers. Canary Wharf Group said it sold 1-5 Bank Street, Société Générale’s UK headquarters, to Brookfield and QIA for £625M, with proceeds planned to repay debt.