JPMorgan Chase & Co. is negotiating the potential purchase of an office building in Dublin, Ireland, that will accommodate 1,000 employees, Bloomberg News reported March 30 citing "people with knowledge of the matter."
The building, at 200 Capital Dock, is being developed jointly by Kennedy-Wilson Holdings Inc. and the Irish National Asset Management Agency. It has about 130,000 square feet of space.
The U.K. on March 29 formally declared its intention to leave the European Union by April 2019. JPMorgan said in a statement that while other options are available, it will wait and see how "negotiations progress," according to the newswire. However, the U.S. lender added that "no final decisions have been made."
Kennedy Wilson and NAMA both declined to comment, Bloomberg reported.
JPMorgan's investment bank head, Daniel Pinto, and asset management CEO, Mary Erdoes, notified employees in a memo, which was seen by Bloomberg, that some of them "will inevitably ... be asked to consider relocation."