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BofA Signs Lease for Europe Trading Hub in Paris Ahead of Brexit

  • Lender said to rent 100,000 square feet near Arc de Triomphe
  • French office is large enough to fit about 1,000 workers
Photographer: Christophe Morin/Bloomberg
Updated on

Bank of America Corp. signed a lease for office space in Paris, formalizing plans to move its European trading hub to the French capital after Brexit, people familiar with the decision said.

The U.S. lender agreed to rent about 100,000 square feet (9,300 square meters) in a building at 51 rue la Boetie in the 8th arrondissement, large enough to accommodate about 1,000 workers, said the people, asking not to be identified because the information isn’t yet public. Located not far from the Arc de Triomphe landmark, the space is being modernized by a unit of France’s postal service, La Poste, which owns the building.