#Newspaper
Macquarie Surrenders Office Space in Hong Kong’s IFC Building
//The Sydney-based investment bank will surrender 13 suites on the building’s 20th floor before the end of September, documents lodged with the Land Registry show. It will retain its other three entire floors and the rest of its space on the 20th floor, the documents show.
//Finance firms around the world are considering trimming their office needs after seeing how their staff have functioned working from home during the coronavirus shutdowns. The issue is particularly acute in Hong Kong -- the world’s most expensive prime office market according to CBRE Inc. -- with the city also being rocked anew by protests over China’s imposition of national security laws.
//“There is now a revisiting of portfolios globally to understand how we can use real estate more efficiently and how does work-from-home play into that mix,” said Dieter Kursietis, a consulting director at architecture firm Gensler. “A lot of organizations are looking at how they can consolidate and reduce real estate.”
Full article: Bloomberg, (03-Jun)
#RealEstate #OfficeSpace #Economy #WorkFromHome #Coronavirus
Macquarie Surrenders Office Space in Hong Kong’s IFC Building
//The Sydney-based investment bank will surrender 13 suites on the building’s 20th floor before the end of September, documents lodged with the Land Registry show. It will retain its other three entire floors and the rest of its space on the 20th floor, the documents show.
//Finance firms around the world are considering trimming their office needs after seeing how their staff have functioned working from home during the coronavirus shutdowns. The issue is particularly acute in Hong Kong -- the world’s most expensive prime office market according to CBRE Inc. -- with the city also being rocked anew by protests over China’s imposition of national security laws.
//“There is now a revisiting of portfolios globally to understand how we can use real estate more efficiently and how does work-from-home play into that mix,” said Dieter Kursietis, a consulting director at architecture firm Gensler. “A lot of organizations are looking at how they can consolidate and reduce real estate.”
Full article: Bloomberg, (03-Jun)
#RealEstate #OfficeSpace #Economy #WorkFromHome #Coronavirus
Bloomberg
Macquarie Surrenders Office Space in Hong Kong’s IFC Building
Macquarie Group Ltd. is handing back a portion of its office space in Hong Kong’s One International Finance Centre, a move expected to become increasingly popular among finance firms in the city.