UBS puts Stamford campus on the market, signaling possible exit from southwest Connecticut

Associated Press

Financial Services giant UBS has put its Stamford, Connecticut, building on the market in another sign the Swiss bank is ready to leave.

The Advocate of Stamford reports ( ) that Jay Hruska, vice chairman Cushman & Wakefield, a commercial real estate firm, said UBS officials want to "evaluate all of their options." The real estate broker has been hired to market the 12-acre campus.

Continue Reading Below

UBS declined to comment.

The bank has rights to the property through 2017, but staff levels at the Stamford office have been declining.

The bank must maintain at least 2,000 employees in the building through the end of its lease to keep a $20 million forgivable loan granted by Gov. Dannel P. Malloy's administration.

Malloy cast doubt Monday that UBS will keep the jobs through the end of 2016.


Information from: The Advocate,