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Large chunks of the HSBC Tower could be removed in a major redevelopment to reinvent the London site and attract tenants.
Canary Wharf Group plans to renovate the 42-storey building within three years, when the bank moves out, with completion expected around 2030.
A replacement cannot be found until the plans are given the green light. This marks the end of an era for HSBC staff, some of whom nicknamed the skyscraper “the Tower of Doom”.
Refurbishment: An artist’s impression of what the HSBC Canary Wharf building will look like
If permitted, parts of the tower will be used for fashionable terraces and there will be a public viewing gallery.
Other parts will be leisure facilities. Many companies have been looking to reduce their staff as staff work from home.
HSBC plans to move into Panorama St Paul’s after having been based in Canary Wharf since 2002.
HSBC shares fell 0.5 percent, or 3.2 pence, to 663.5 pence, but are up 12.7 percent in the past six months.
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