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HSBC Holdings is to develop a new 41-storey headquarters building of 110,000m 2at Canary Wharf. The new £500 million building will be 210m tall, just 34m lower than the Pelli original. It will boast direct access to the JLE 2trading floors and will house 8000 staff. HSBC said it had not yet appointed an architect but was 'considering a couple of options', one of them thought to be Foster & Partners.

Construction will begin this autumn.

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