Oct 13, 2022 02:03 PM

BUSINESS

UBS Move Could Spell More Empty Offices in Hong Kong Central District

The Two International Finance Center, left, and other buildings in Hong Kong on May 26, 2021. Photo: Bloomberg

The Two International Finance Center, left, and other buildings in Hong Kong on May 26, 2021. Photo: Bloomberg

(Bloomberg) — Hong Kong’s busy central district may see more empty offices in the coming years, underscored by UBS Group AG’s plans to move away from the area, according to Bloomberg Intelligence analysts.

The Swiss bank will move in 2026 to a commercial project atop the high-speed rail West Kowloon terminus as the first anchor tenant, developer Sun Hung Kai Properties Ltd. said this week.

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