Qatar Investment Authority is in talks to convert HSBC Holdings Plc’s London headquarters building into a planned property trust listed by City Developments, reported media outlets.
The potential deal would boost the value of the real estate investment trust portfolio to £1.8 billion (€2.1 billion/$2.6 billion) from £600 million (€696 million/$850 million).
The Gulf sovereign wealth fund and the Singaporean homebuilder aim to raise £500 million (€580 million/$708 million) from an initial public offering.
