Oppenheimer Holdings is investing $66 million to relocate its headquarters to 32 Old Slip in early 2028, a move designed to retain over 1,000 jobs and modernize office space across 220,000 square feet.
The firm announced a move to 220,000 square feet at 32 Old Slip with phased move-in starting in early 2028, described as a $66 million investment retaining over 1,000 jobs. This is a routine corporate facilities decision with no change to revenue, earnings or guidance, so no meaningful near-term price effect is expected.
Oppenheimer Holdings Inc. announced plans to relocate its headquarters to 32 Old Slip in Lower Manhattan. The firm will occupy 220,000 square feet across six floors, with a phased move-in scheduled to begin in the first quarter of 2028. The project represents a $66 million investment and will retain over 1,000 jobs in New York City's Financial District.
The announcement contains no figures on earnings or guidance; it describes a $66 million investment in a 220,000-square-foot office with move-in starting in early 2028.