HONG KONG: Deutsche Bank AG, the struggling German lender that’s in talks about a merger with Commerzbank AG, is weighing giving up as many as three of the 10 floors it occupies in Hong Kong’s tallest skyscraper, people with knowledge of the matter said.
Deutsche Bank signed the 10-year lease in the 484-metre International Commerce Centre (ICC) in 2010 and hasn’t been using all the space, said two of the people, who asked not to be named discussing private information. Landlord Sun Hung Kai Properties Ltd has asked at least one real estate agency to start looking for new tenants for the floors starting July 2020, another person said.
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