{"id":84520,"date":"2018-04-04T20:30:45","date_gmt":"2018-04-04T13:30:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-most-expensive-office-to-lose-first-big-tenant-as-goldman-sachs-set-to-move-out\/"},"modified":"2018-04-04T21:03:30","modified_gmt":"2018-04-04T14:03:30","slug":"hong-kongs-most-expensive-office-to-lose-first-big-tenant-as-goldman-sachs-set-to-move-out","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-most-expensive-office-to-lose-first-big-tenant-as-goldman-sachs-set-to-move-out\/","title":{"rendered":"Hong Kong\u2019s most expensive office to lose first big tenant as Goldman Sachs set to move out"},"content":{"rendered":"<p>&#013;<br \/>\nHong Kong\u2019s most expensive office building may be becoming too expensive for one of its top tenants.<\/p>\n<p>Global investment bank Goldman Sachs is set to move out of The Center, a 73-storey tower in the city\u2019s Central district that sold for a record HK$40.2 billion (US$5.15 billion) last year. The bank will head for a lower-cost location in the Causeway Bay area after its lease expires in December, according to several people familiar with the matter.<\/p>\n<p>The bank, the first top tenant&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/business\/money\/markets-investing\/article\/2140322\/hong-kongs-most-expensive-office-lose-first-big\" target=\"_blank\">Hong Kong\u2019s most expensive office to lose first big tenant as Goldman Sachs set to move out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Hong Kong\u2019s most expensive office building may be becoming too expensive for one of its&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-84520","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lZe","jetpack-related-posts":[{"id":116685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-sells-all-flats-at-hong-kong-development-defies-worsening-goldman-sachs-forecast-for-property-sector\/","url_meta":{"origin":84520,"position":0},"title":"Vanke sells all flats at Hong Kong development, defies worsening Goldman Sachs forecast for property sector","date":"May 27, 2020","format":false,"excerpt":"\r Vanke Holding (Hong Kong) sold all the flats on sale at its The Campton development in Hong Kong\u2019s Cheung Sha Wan area on Wednesday. The outcome defied a forecast by investment bank Goldman Sachs, which revised down its estimates for local housing prices, office and retail rents by 5\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-banks-catch-on-to-hong-kongs-housing-rebound-upgrade-market-forecast\/","url_meta":{"origin":84520,"position":1},"title":"More banks catch on to Hong Kong\u2019s housing rebound, upgrade market forecast","date":"February 24, 2026","format":false,"excerpt":"\r Global investment banks are rallying behind a more bullish view of Hong Kong\u2019s housing market, with JPMorgan Chase and Goldman Sachs joining Morgan Stanley in forecasting double-digit price gains after a stronger-than-expected rebound. Morgan Stanley was the first major bank to forecast a 10 per cent increase in home\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142302,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldman-sachs-says-hong-kong-home-prices-will-rebound-in-2025-after-hitting-bottom-this-year-raises-office-market-concerns\/","url_meta":{"origin":84520,"position":2},"title":"Goldman Sachs says Hong Kong home prices will rebound in 2025 after hitting bottom this year, raises office market concerns","date":"February 12, 2024","format":false,"excerpt":"\r The US investment bank says the residential sector will see a gradual recovery this year after the US Federal Reserve begins to cut rates and Hong Kong mortgage rates are lowered from the second quarter onwards.\r \r Source : South China Morning Post\r Read more...Goldman Sachs says Hong Kong\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldman-rent-well-below-market-value-new-owners-of-center-ready-to-shrug-off-bank-when-lease-expires\/","url_meta":{"origin":84520,"position":3},"title":"Goldman rent \u2018well below market value\u2019 \u2013 new owners of Center ready to shrug off bank when lease expires","date":"April 5, 2018","format":false,"excerpt":"\r The new owners of The Center, the world\u2019s most expensive office building, have said they want new tenants who will pay higher rents, when global investment bank Goldman Sachs\u2019 lease expires in December.\u00a0\u00a0\u00a0 \u201c[Goldman Sachs] is paying rent well below market value,\u201d said Pollyanna Chu Lee Yuet-wah, a co-founder\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lexington-partners-snaps-up-two-ifc-office-space-left-vacant-by-earlier-tenant-as-new-york-fund-expands-in-hong-kong\/","url_meta":{"origin":84520,"position":4},"title":"Lexington Partners snaps up Two IFC office space left vacant by earlier tenant as New York fund expands in Hong Kong","date":"July 12, 2021","format":false,"excerpt":"\r Lexington Partners, a New York-based manager of secondary private equity funds, is moving into one of Hong Kong\u2019s tallest office towers as it scooped up prime commercial real estate left vacant in the world\u2019s most expensive city.The fund has taken up the units 2903 through 2909, totalling 8,900 square\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110649,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-prada-out-can-hong-kongs-russell-street-outshine-fifth-avenue-or-champs-elysees-as-the-worlds-costliest-retail-strip\/","url_meta":{"origin":84520,"position":5},"title":"With Prada out, can Hong Kong\u2019s Russell Street outshine Fifth Avenue or Champs-\u00c9lys\u00e9es as the world\u2019s costliest retail strip?","date":"September 11, 2019","format":false,"excerpt":"\r Landlords in Hong Kong\u2019s Russell Street, the most expensive shopping address on the planet, are likely to slash rents after fashion house Prada declared it would not renew the lease on its flagship store next year, according to market observers.Prada\u2019s landlord has offered to cut the rent for its\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84520"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=84520"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/84520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=84520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=84520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=84520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}