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Investing.com -- JPMorgan Chase & Co. (NYSE:JPM) is currently in negotiations to lease a substantial amount of space in the Canary Wharf office building that previously served as the UK headquarters for Credit Suisse.
The Wall Street heavyweight is looking to rent approximately 150,000 square feet, or 13,935 square meters, at 1 Cabot (NYSE:CBT) Square, according to individuals knowledgeable about the ongoing discussions. The space has been available for sublet by UBS Group AG (NYSE:UBS), who assumed responsibility for the lease after acquiring Credit Suisse.
At this stage, no agreement has been finalized, and it remains uncertain whether a deal will be concluded. However, if a successful agreement is reached, it would provide JPMorgan with additional space, serving as an extension to its primary Canary Wharf office, which it has outgrown.
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