The economic downturn has led to a major reduction in mergers and acquisitions and the first public offering (IPO) projects, and Hong Kong's large law firms are reducing office space in the gold area.
According to the Bloomberg News on Monday (March 4), people familiar with the matter revealed that the recent lawyers of the oldest law firm in Hong Kong are reducing the rental of Alexandra House, Hong Kong's Central High Office Building (Alexandra House).A floor.
A person familiar with the matter said that the floor will be leased in the market at the end of the year.Because there is no right to speak, people familiar with the matter are not required.
A spokesman for the near -lawyer's bank said that considering the promotion of paperless office environment and flexible office methods, it was decided to reduce office space to use reasonable use of space.
A person familiar with the matter said that DLA Piper, one of the world's largest law firms, has also reduced the office space in Central Trading Plaza by about 5,000 square feet (465 square meters).
Ouhua spokesman said that although the financial and market conditions are a factor that the company decides to reduce office space, the company also considers other factors, including global flexible work policies.
Integrity, other major firm, including Clyde Co. and Minterllison, also plans to reduce the rental space.
Hong Kong Land, a subsidiary of Yihe, stated that its building in Central is one of the highest occupation rates in Hong Kong. Among the tenants who leased in 2023EssenceThe company managed the Lishan Building and Trading Plaza refused to comment on some law firms' plans.
The Clyde Co., the co -owner of the Central Square where the office is located) and the owners of Mintererellison (owners of Minterrellison) have not responded to the comment request.
Bloomberg reported that reducing leasing space to highlight the dilemma of the slowdown in Hong Kong's economy. The Hang Seng stock market index fell 14%last year, ranking one of the largest stock indexes in the world.The amount of funds raised for the first public offering of stocks is the smallest since the breakdown of the Internet bubble.
