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DBS to cut office space in MBFC

Bloomberg
Bloomberg • 3 min read
DBS to cut office space in MBFC
Southeast Asia’s largest bank plans to surrender about two and half floors, or 75,000 square feet, in Tower 3 of MBFC.
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DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic.

Southeast Asia’s largest bank plans to surrender about two and half floors, or 75,000 square feet, in Tower 3 of the Marina Bay Financial Centre, according to people with knowledge of the matter. The lender occupies more than a dozen floors in the building, located in the central business district near the iconic Marina Bay Sands hotel and casino.

DBS is set to give up the floors in December, the people said, asking not to be identified because the plans are private. A representative for the company declined to comment.

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