Norman Foster's first major London tower, 8 Canada Square, which sits in the heart of London's Canary Wharf, has been sold for a whopping £1.09 billion.
HSBC agreed the price for its London headquarters with Spanish property group Metrovacesa, in a lease-back deal which is the largest of its kind in the UK.
The Spanish firm has signed up to a 998-year lease but HSBC will remain occupants of the 45-storey building.
Under the agreement, Metrovacesa will pocket a cool £43.5 million in rent over the next 20 years; the firm has an option to extend this rental period for a further five years.
Construction of the 213m tower began in 1997 and was completed in 2002. Tragically, three construction workers were killed in May 2000 when a crane collapsed during building.by Max Thompson