a continuing positive business environment in the UK<\/a> and the receipt of the necessary approvals and agreements at a national and local level.\u201d<\/p>\nJP Morgan\u2019s 25 Bank Street residence will be upgraded whilst the new HQ is developed<\/p>\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<\/p>\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: \u201cLondon 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
\u201cThis 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.\u201d<\/p>\n
Canary Wharf Group chief executive Shobi Khan commented that the development \u201cmarks 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
\u201cWe continue to attract and retain the very best who are drawn to our vibrant community, unrivalled connectivity, and world-class amenities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"JP Morgan\u2019s new Canary Wharf HQ would house 12,000 staff and be the biggest office building in London,…\n","protected":false},"author":2,"featured_media":599313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,12495,393,4884,257,88898,16,15],"class_list":{"0":"post-599312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-development","10":"tag-england","11":"tag-great-britain","12":"tag-london","13":"tag-property-development","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115627669722960413","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/599312","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=599312"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/599312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/599313"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=599312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=599312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=599312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}