REGIONAL DEAL OF THE YEAR
HSBC creates the head office of ring-fenced bank in Birmingham
Global bank HSBC is locating the UK head office of its ring-fenced bank, which will serve its personal and business customers, in Birmingham.
In April 2015, HSBC and Arena Central Developments Ltd (a joint venture between Miller Developments and Pro Vinci Asset Management) signed the largest property deal to take place in Birmingham since 2002.
HSBC is purchasing the 210,000 sq ft 2 Arena Central site on a 250-year lease, reflecting its long-term commitment to Birmingham and investment in the ring-fenced bank head office.
As an anchor tenant for the entire city, the deal cements Birmingham’s growing reputation as a leading UK destination for financial services.