DBS Hong Kong acquires six floors at The Center in US$334 million deal

DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center – once the world’s most expensive skyscraper – marking the city’s largest office transaction so far this year.The lender acquired the 26th, 32nd, 36th, 37th, 56th and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,934 sq ft of gross floor area, DBS said in a statement on Wednesday.The price works out to roughly HK$17,238 per square foot – just over half the HK$33,000 per square foot paid by a consortium of investors for 48 floors in 2018, when the tower set a global record for office property values.