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Race back on for HSBC Tower buy

Qatar’s sovereign wealth fund is in a neck-and-neck race with Ping An to buy the 1.1m sq ft HSBC Tower in Canary Wharf after an eleventh hour resurgence from the Chinese life insurance giant has unseated QIA as the lead bidder, CoStar News can reveal.
By James Buckley
November 6, 2014 | 8:50 P.M.

Having edged ahead in the bidding process last month, slower than expected progress on the deal by QIA has opened the door to Ping An to buy HSBC’s global headquarters in what will be London’s most expensive single asset ever traded.

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