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Jane Street tries to double her office space in London because the retail company drives a time of explosive growth that has established it as a challenger for the world’s largest banks.
In the next few years, the company has led to 400,000 to 500,000 square meters in discussions with landlords to increase its office space of the city of London, according to the persons familiar with the matter.
The group based in New York is currently located on the 2½ Devonshire Square near the Liverpool Street. It has increased its place there since the move five years ago, which takes over the entire building of 70 percent of the occupancy by 2022.
Early this year Jane Street agreed to expand his office in New York to about 1 million square meters.
A 500,000 square meter London office would be close to the size of the new global headquarters from HSBC in St. Pauls – which is around 550,000 square foot – although this is now considered too small for the bank.
Jane Street is one of the most famous trading companies in the world, together with other industry giants like Ken Griffins Citadel Securities and Jeff Yass Susquehanna. The company produces markets in assets, including stock exchange trading funds, stocks and bonds. Purchase and sale of securities at high speeds for often small profits in every trade.
The company was relatively unknown for a large part of the 2010s, but its income and profits exploded during the Covid 19 pandemic when market volatility rose and the demand for its trading services increased.
In the first half of the last year it achieved the net replacement of $ 8.4 billion, at a level of the largest Wall Street banks, and has expanded to more than 2,600 employees in the offices, including London, New York, Hong Kong and Singapore.
The rival hedge fund Citadel and his sister company, Market Maker and Direct Conmadel Securities have agreed to rent at least 250,000 square meters to the 2 Finsbury Avenue-Wolkenkratz from BRITISH Land near Broadgate than it was completed in 2027-a two-thirds of the london presence.
Citadel has options to expand his office by up to 130,000 m², which the agents expect to probably train.
The Jane Street has considered a move to the swallowtail building, a new 23-story tower with around 465,000 m² of office space, which will be developed in 2029 for completion.
The trade company may also consider the former headquarters of Deutsche Bank on Londoner Wall and other options in the city, said one of the people and added that no decision had been made.
Relatively few large buildings that are suitable for large financial companies will be delivered in the city in the coming years, since the new developments during the Covid 19 start break and the latest period begin with high interest rates and construction costs.
Jane Street did not respond to a request for comments.
