{"id":157434,"date":"2025-11-28T13:38:05","date_gmt":"2025-11-28T13:38:05","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=157434"},"modified":"2025-11-28T13:38:05","modified_gmt":"2025-11-28T13:38:05","slug":"jp-morgan-reveals-plans-biggest-office-building-in-london","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/projects\/jp-morgan-reveals-plans-biggest-office-building-in-london\/157434\/","title":{"rendered":"JP Morgan reveals plans for biggest office building in London"},"content":{"rendered":"

JP Morgan’s new Canary Wharf HQ would house 12,000 staff and be the biggest office building in London, for around \u00a33bn<\/h2>\n

Designed by Foster + Partners<\/a>, the new JP Morgan office tower is expected to surpass the Shard(306m) in height, although final designs are being kept under wraps until they are finalised.<\/p>\n

Sitting on the Riverside South plot, which was formerly set for a 214m- tall RHSP development, the new \u2018world-class workspace\u2019 would serve as London and European headquarters for the global bank.<\/p>\n

This is all depending on “a continuing positive business environment in the UK<\/a> and the receipt of the necessary approvals and agreements at a national and local level.”<\/p>\n

JP Morgan’s 25 Bank Street residence will be upgraded whilst the new HQ is developed<\/h3>\n

Upon completion, staff will be consolidated between the new HQ and 60 Victoria Embankment, with 25 Bank street subject to review at a later date. <\/p>\n

The biggest office building in London will feature trading floors, roof terraces, wellness facilities, caf\u00e9s, cycling infrastructure and upgraded public realm.<\/p>\n

The height of the proposed tower is subject to speculation, as Canary Wharf building heights are capped to allow for safe flight paths towards London City Airport. <\/p>\n

JP MorganChase estimated in a recent report that the combined building and refurbishment programme could pump \u00a39.9bn into the UK economy and support more than 7,800 jobs across construction and the wider supply chain.<\/p>\n

Construction would take an estimated six years<\/h3>\n

Canary Wharf Group would act as co-developer on the site- which already has foundations and basement levels established- and Sir George Iacobescu will advise JP Morgan.<\/p>\n

JPMorganChase chairman and chief executive Jamie Dimon said: “London has been a trading and financial hub for more than a thousand years, and maintaining it as a vibrant place for finance and business is critical to the health of the UK economy.<\/p>\n

“This building will represent our lasting commitment to the city, the UK, our clients and our people. The UK government\u2019s priority of economic growth has been a critical factor in helping us make this decision.”<\/p>\n

Canary Wharf Group chief executive Shobi Khan commented that the development “marks a defining moment for Canary Wharf and underlines its position as the destination of choice for the world\u2019s most ambitious and innovative companies.<\/p>\n

“We continue to attract and retain the very best who are drawn to our vibrant community, unrivalled connectivity, and world-class amenities.”<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

JP Morgan’s new Canary Wharf HQ would house 12,000 staff and be the biggest office building in London, for around \u00a33bn. <\/p>\n","protected":false},"author":25,"featured_media":157440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[172731],"tags":[997,947,747],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-157434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-projects","8":"tag-development","9":"tag-london","10":"tag-property"},"acf":[],"yoast_head":"\nJP Morgan reveals plans for biggest office building in London<\/title>\n<meta name=\"description\" content=\"JP Morgan's new Canary Wharf HQ would house 12,000 staff and be the biggest 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