UBS said to be mulling move to 9 Penang Rd

Singapore

UBS is understood to be mulling a consolidation of its Singapore office footprint by relocating from One Raffles Quay and Suntec City into 9 Penang Road, which is coming up on the former Park Mall site opposite Dhoby Ghaut MRT Station.

This could potentially be one of the biggest office leasing deals on the island in recent years if the bank decides to lease the entire development in Penang Road comprising about 352,000 sq ft net lettable area of office space and 15,000 sq ft of retail space.