Qatar outbids Chinese for £1.1bn HSBC tower

The Qatar Investment Authority is understood to have made a £1.1bn offer for the HSBC tower, seeing off the likes of China Life and Ping An to become the preferred bidder in one of the biggest-ever UK property deals.

The tower was put up for sale by South Korea’s National Pension Service in April, with bidding managed by GM Real Estate and Jones Lang LaSalle.

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