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Goldman Sachs gives up space in HK tower amid office slump
The Straits Times
|February 10, 2024
Goldman Sachs has given up some office space in Hong Kong, according to people familiar with the matter, the latest setback to the city's commercial real estate market as global banks trim space to save costs.
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The investment bank is relinquishing a floor in Lee Garden Three in the Causeway Bay area, said the people, who asked not to be identified because the information is private. Goldman Sachs leased five floors in the building for its back office in 2018.
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