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New York-based fund Lexington downsizes IFC Two office space in sign vacancy rates continue to rise in Hong Kong’s Central district

Lexington Partners, a New York-based manager of secondary private equity funds, decided to down-size its Hong Kong office space by about 45 per cent, a week after its decision to renew the lease at its office in IFC Two.The company will now lease 5,000 square feet (464.5 square metres), instead of the original 9,000 sq ft, according to Land Registry records. Units 2903, 2904 and 2905 were subject to a “partial surrender”, the registry document shows.The company did not immediately respond to a…

Read the original article at South China Morning Post

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