![\"\"](\"data:image\/svg+xml,%3Csvg%20xmlns=\")
<\/a>The previously approved scheme (c) Canary Wharf Group<\/p>\nInstead, Foster + Partners has been commissioned to deliver an entirely new design. While the final appearance is still to come, JPMorganChase says the tower will accommodate around 12,000 staff and act as its main UK headquarters and its largest base in the EMEA region.<\/p>\n
Subject to planning approval, construction is expected to take six years. Canary Wharf Group will act as co-developer on the scheme.<\/p>\n
While the building is being constructed, JPMorganChase will also make interim upgrades to the interior of its existing building at 25 Bank Street. An independent study commissioned by the bank, conducted with a major consulting firm, estimates that the combined project could contribute approximately \u00a39.9 billion to the UK economy over the next six years, creating more than 7,800 jobs across construction and other local industries.<\/p>\n
The cost of the skyscraper itself is not confirmed, but widely reported to be in the region of \u00a33 billion.<\/p>\n
Sir Sadiq Khan, Mayor of London, said: \u201cJPMorganChase\u2019s landmark investment in a new building here in London is a huge vote of confidence in the capital\u2019s future and a testament to our enduring status as a global powerhouse for finance, innovation, and talent. London is open to investment and the huge opportunities that it brings. This major commitment will create jobs and further strengthen London\u2019s position at the centre of the global economy, driving growth across the UK.\u201d<\/p>\n
In collaboration with Canary Wharf Group, plans include new public parkland surrounding the building, a redevelopment of the Canary Wharf dock, and improved access to the Riverside area of Canary Wharf.<\/p>\n
Conor Hillery, Co-CEO of JPMorganChase in EMEA, said: \u201cThere should be no doubt about the enduring appeal of London as a world-class financial centre, and this investment would prove it. This is something for our employees to look forward to, and we can\u2019t wait to get the construction underway.\u201d<\/p>\n
Matthieu Wiltz, Co-CEO of JPMorganChase in EMEA, added: \u201cSo many of us across Europe have built our finance careers in London, and we are aiming to build a legacy that will benefit the city and its communities for generations to come.\u201d<\/p>\n
JPMorganChase currently operates in London primarily from two buildings it owns at Canary Wharf<\/a> and\u00a0 Victoria Embankment in the City. It also leases additional office space in Canary Wharf. Once the Riverside development is complete, London-based employees will consolidate in the new building and the existing property at 60 Victoria Embankment, and the firm will consider its options for 25 Bank Street.<\/p>\n","protected":false},"excerpt":{"rendered":"One of Canary Wharf\u2019s largest undeveloped plots is finally set to be built on, with JPMorganChase confirming plans…\n","protected":false},"author":2,"featured_media":597125,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3939],"tags":[4021,4020,4022,77,16,15],"class_list":{"0":"post-597124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arts-and-design","8":"tag-arts","9":"tag-arts-and-design","10":"tag-design","11":"tag-entertainment","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115621657720666937","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/597124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=597124"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/597124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/597125"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=597124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=597124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=597124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/8400e186.delivery.rocketcdn.me\/articles\/wp-content\/uploads\/sites\/2\/2025\/11\/Artists-impression-The-view-from-JPMorganChases-Riverside-office.jpg\")
<\/a>Artist\u2019s impression: The view from JPMorganChase\u2019s Riverside office<\/p>\n