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The HSBC Tower in Canary Wharf, London could be redeveloped as a hotel once current tenants HSBC leave in 2027, according to reports from Reuters.
The Canary Wharf Group (CWG) has reportedly met with around 20 architectural practices to come up with proposals for the building.
No final decision has been made as of yet but the building could be turned into a hotel, serviced apartment block or some combination of the two.
The tower is owned by the Qatar Investment Authority (QIA) and has been occupied by HSBC since 2002.
Alongside this, CWG has raised £400m from its shareholders Brookfield and the QIA, which includes an £80m loan for the construction of two new serviced apartment buildings for short and medium stays in the area.
This news comes after BT Group agreed to sell the BT Tower to North American hotel group MCR in a deal which will see the tower redeveloped into a hotel.
Hotel Owner has contacted CWG and QIA for comment.
