UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
