05:37 AM EDT, 05/15/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) said Thursday it signed a lease for a new office at 37 Place du Marche Saint-Honore in Paris, following growth to over 1,000 employees in the city.

The company said that the new site, located behind its headquarters at 14 Place Vendome, will consolidate operations from six buildings down to three, while expanding overall office space.

Set to open in early 2027 after complete refurbishment, the new building will improve workspaces and client facilities, with many employees relocating to ease crowding at the bank's main office, it added.