May 2017: JP Morgan Chase

FDI of the Month | Mon 12 Jun | Author – Business & Finance May 2017: JP Morgan Chase
Capital Dock, Sir John Rogerson’s Quay

In May it was announced that JP Morgan Chase is to become the first major occupier to commit to the highly sought after Capital Dock campus development through a forward-funding sale agreement.

It is reported that the US bank could move hundreds of London-based bankers to expanded offices in Dublin in the wake of Brexit.

The bank, which provides custody and administration services, as well as corporate and investment bank services, already employs 500 people in Dublin and its new premises could see the firm doubling its Irish workforce.

Extending over 4.8 acres, Capital Dock is designed to meet the needs of the many rapidly expanding international businesses based in Dublin.

Positioned on Sir John Rogerson’s Quay, Capital Dock is one of the largest single-phase ground up developments to be delivered in Dublin.

JP Morgan Chase will acquire ‘200 Capital Dock’ through a forward-funding sale agreement to coincide with completion of the building, expected in Q3 2018.

The building is capable of accommodating over 1,000 staff, and will be one of the highest specification buildings in Dublin.

Carin Bryans, senior country officer, JP Morgan Chase, said: “Dublin has the vibrant business and technology communities that suit a global firm like ours. Given the momentum of our local businesses, this new building gives us room to grow and some flexibility within the European Union.”

JP Morgan Chase is a global leader in financial services, offering solutions to the world’s most important corporations, governments and institutions in more than 100 countries.

The company’s roots in Ireland date back to 1919, and the firm is now one of the largest providers of custody and administration services in the country.