The price of the acquisition is unconfirmed.

JP Morgan has agreed to pay around €125 million ($137 million) for a new office space in Dublin, according to media reports.

The Wall Street giant is buying the 200 Capital Dock building, which is under construction, from real estate firm Kennedy Wilson, Toronto-based Fairfax Financial Holdings and Ireland's National Asset Management Agency. The 13,000 square feet building will be able to accommodate more than 1,000 workers and is due to be finished in the third quarter of 2018.

People familiar with the sale reportedly disclosed the approximate purchase price to numerous publications.

The price of the acquisition is unconfirmed, but this publication has reached out to the relevant parties for comment and will update coverage accordingly. 

The news of the purchase follows months of press speculation over where the New York-headquartered firm would select as its post-Brexit safe haven. 

“Given the momentum of our local businesses, this new building gives us room to grow and some flexibility within the European Union,” Carin Bryans, senior country officer for JPMorgan in Ireland, reportedly said in a statement. “Dublin has the vibrant business and technology communities that suit a global firm like ours.”