HSBC Already Fears New Downsized London HQ Will Prove Too Small

HSBC Holdings Plc is still two years away from a planned move to a smaller City of London headquarters, but executives are already concerned the space won’t be big enough and are considering taking up more even before relocating.

The bank is weighing whether it will need to lease additional space beyond the 570,000 square feet (52,955 square meters) it will be renting on Newgate Street, where Orion Capital Management is overhauling the former headquarters of BT Group Plc, people with knowledge of the matter said.