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DBS joins global banks surrendering Hong Kong office space

Bloomberg
Bloomberg3/24/2021 9:8 AM GMT+08  • 2 min read
DBS joins global banks surrendering Hong Kong office space
DBS is said to be surrendering some floors in One Island East Tower in Quarry Bay.
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DBS Group Holdings is set to join UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home.

DBS is surrendering some floors in Swire Properties’s One Island East tower in Quarry Bay, according to people familiar with the matter who asked not to be identified because the information is private. The lender will release two of the eight floors it currently occupies, one of the people said.

A representative for the Singapore-based bank didn’t immediately comment. A Swire spokesperson said they don’t comment on rumors, adding that One Island East is 100% occupied as of Tuesday.

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