SINGAPORE - Amazon is planning to take over some of Citigroup's office space in Singapore at a time when a number of the e-commerce giant's Chinese tech rivals are expanding here.
Citigroup, currently the building's largest tenant with nine floors, is trimming its office space to better use its real estate as its 10-year lease is due to expire soon, the people said. A representative for Amazon declined to comment. A spokesman for Citigroup confirmed the bank is giving up the space, but declined to say which tenant is taking over. Some consumer banking staff and employees in other functions will relocate to Changi Business Park where the bank has bigger premises and a long-term lease, he said.
Although the Singapore government has eased some restrictions around the virus such as allowing more workers to return to the office, remote work is still the default option.
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