Market Comment - Speculation on Brexit relocation activity to Dublin steps up

Davy Research
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Speculation has continued on how Dublin may benefit from financial services and insurance companies relocating from London because of the uncertainties of Brexit. A report in the Sunday Business Post indicated that JP Morgan is considering doubling its workforce and that Barclays, Morgan Stanley and Bank of America Merrill Lynch have given mandates to secure office space in Dublin. Recent multinational job announcements from existing Information and Communications Technology (ICT) companies operating in Dublin will also add to office demand.