London's Canary Wharf financial district is considering a radical redesign of one of its largest office towers that could include apartments or hotel space once tenant HSBC leaves, sources told Reuters, in a sign of the wider rethink that awaits the global office market.
LONDON, May 10 - London's Canary Wharf financial district is considering a radical redesign of one of its largest office towers that could include apartments or hotel space once tenant HSBCLandlord Canary Wharf Group invited around 20 architectural practices to submit proposals for the 45-floor building and began shortlisting designs in recent weeks, three sources familiar with the matter said.
Some property experts believe it would be cheaper to knock it down and start again - but this may be unpalatable for environmental reasons. HSBC has occupied the skyscraper since 2002. It has been home to up to around 8,000 HSBC employees, some of whom refer to the skyscraper as the "Tower of Doom".
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