DBS Hong Kong proposes to buy six additional floors at The Center | 繁體
Strategic acquisition valued at HK$2.619 billion solidifies DBS market position in Hong Kong
Upon the completion of the transaction, DBS Hong Kong’s total ownership at The Center will increase to 14 floors, reinforcing its belief in Hong Kong and solidifying the bank’s position in its strategic head office location in the city’s financial district. The transaction provides DBS Hong Kong with an opportunity to consolidate front office teams closer to its clients and make available space for the planned alignment and expansion of high-growth business lines, especially its wealth management business.
Sebastian Paredes, Head of North Asia and Chief Executive Officer of DBS Hong Kong, commented on the acquisition, “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. We remain positive on the future prospects of 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.”
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
DBS Group
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Awards
World's Best Bank 2025, 2018 - 2022
Euromoney, Global Finance, The Banker
Asia’s Safest Bank, 2009 – 2025
Global Finance
