HSBC Seeking Fintech Hub in London’s Hipster Neighborhoods
- Bank searching for 50,000 square feet for digital development
- Joins firms like Barclays with fintech offshoots outside City
Shoreditch.
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HSBC Holdings Plc is seeking office space in technology-focused London neighborhoods including Shoreditch to bolster its fintech capabilities, according to two people with knowledge of the move.
Europe’s largest bank hired real estate broker CBRE Group Inc. to find 50,000 square feet (4,600 square meters) of space, almost the same size as an American football field, in areas including Old Street and Shoreditch, the people said. The neighborhoods are home to a cluster of startups and a nexus of hipster culture. The office will be focused on digital growth at the bank, the people said.