UBS to Vacate Most of Park Avenue Tower as Space Up for Sublease

UBS to Vacate Most of Park Avenue Tower as Space Up for Sublease

JB Reed/Bloomberg

UBS AG, the Swiss bank plans to move out of almost three-quarters of the space it rents at Manhattan’s 299 Park Ave. as it seeks to reduce real estate costs. The bank intends to put most of its New York-area operations into 1285 Avenue of the Americas, a 1.7 million-square-foot skyscraper six blocks away, and its offices in Stamford.