Posted Nov 27, 2025, 1:55 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
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JPMC and Foster to team up again on a new tower….
https://www.reuters.com/business/finance/jpmorgan-build-huge-new-uk-hq-canary-wharf-2025-11-27/
JPMorgan to build huge new tower in London's Canary Wharf
By Iain Withers
November 27, 2025
Quote:
JPMorgan will build a huge new tower in the Canary Wharf financial district in east London, the U.S. banking giant said on Thursday, investing billions of pounds in Britain on the heels of a UK budget that sought to boost growth.
The bank said the project would contribute 9.9 billion pounds ($13.1 billion) over six years to the local economy - including the cost of construction - and create 7,800 jobs.
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Quote:
The planned 3 million square foot (280,000 square metres) building will be more than double the floorspace of Britain's current tallest building, The Shard in the City of London, with around 1.3 million square feet.
It would also cover more space than JPMorgan's recently-completed 2.5 million square foot global headquarters on New York's Park Avenue.
A source familiar with the project said it would cost a few billion pounds to build and designs were still being finalised, including the height.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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