Societe Generale joins DBS in paring HK office space

HONG KONG: The list of foreign banks relinquishing pricey office space in Hong Kong is growing, with Societe Generale SA confirming it is vacating one floor in the Admiralty business district.

The French bank is releasing space in Swire Properties Ltd’s Three Pacific Place, according to an e-mailed statement from the lender. Societe Generale’s lease expires this year and it decided to renew for six floors instead of seven, the bank said.