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The lender acquired the 32nd, 36th, 37th, 56th, 62nd and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,934 sq ft of gross floor area, DBS said in a statement on Wednesday.
DBS Hong Kong already owns and occupies eight other floors in the 73-storey building, further cementing its position as a major stakeholder in the Central landmark.
“This proposed investment underscores our unwavering commitment to Hong Kong and our confidence in its long-term economic vitality as a premier international financial centre and wealth management hub,” said Sebastian Paredes, head of North Asia and CEO of DBS Hong Kong, adding that the bank remained positive on the future prospects for Hong Kong’s “dynamic real estate market”.
“This purchase, when completed, will position us well to further scale our business operations, ensuring we can better serve our customers and contribute to Hong Kong’s ongoing success,” he said.
