Top French bank said scouting more Dublin offices

'In the very early stages of exploring the possibility'.

Bloomberg News reports that BNP Paribas is seeking about 50,000 square feet (4,600 square meters) of office space in Dublin, according to two people familiar with the matter, in a move which may intensify competition for commercial real estate after the U.K.’s decision to leave the European Union.

BNP’s representatives have toured available office blocks in the city, said the people, who asked not to be identified because the information is private. BNP employs 500 people across four locations in the city, the French lender said in an e-mail response to questions.

“We constantly look at ways of optimizing our operational set up and are in the very early stages of exploring the possibility of consolidating these four offices into a single one,” BNP said. “We are not looking for additional space in Dublin and have no plans to move offices at this stage.”

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BNP Paribas Scouts Dublin Offices as Brexit Space Squeeze Looms

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