LONDON | JPMC Tower | FT | FLOORS

[NYguy]

JPMC and Foster to team up again on a new tower….


https://www.reuters.com/business/fin...rf-2025-11-27/

JPMorgan to build huge new tower in London's Canary Wharf

By Iain Withers
November 27, 2025

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.

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.

[NYguy]

https://www.ft.com/content/11358be2-...4-948c79576b02

Ortenca Aliaj and Julie Steinberg in London
November 27, 2025

JPMorgan had stepped up planning for the new tower in recent months as it decided that refitting its existing office in the Docklands financial district would incur significant costs, while few options in the City could meet its requirements.

The site of the new office, bought by JPMorgan in 2008, was originally intended as the bank’s European headquarters, but executives instead opted to move employees into Lehman Brothers’ former European headquarters at 25 Bank Street after the financial crisis.

The decision is a boon for Canary Wharf Group, which will co-develop the project. JPMorgan is separately being advised by Sir George Iacobescu, the former chair of CWG. The plans include the redevelopment of the Canary Wharf dock and the creation of new public parkland around the building.

JPMorgan employees in New York have just moved into a new 60-storey, 2.5mn sq ft skyscraper designed by Foster + Partners that cost the bank $3bn. The bank said its London tower, also to be designed by Foster + Partners, would feature terraces and restaurants.

[NYguy]

https://www.businesswire.com/news/ho...ower-in-London

JPMorganChase Announces Intention to Build a New Three-Million Sq Ft Landmark Tower in London

[ssh]

A tower bigger than your brand new HQ is certainly a a choice 🤷♂️

[NYguy]

Originally Posted by ssh

A tower bigger than your brand new HQ is certainly a a choice 🤷♂️

They’re going to build as large as they need. They built 270 Park as large as allowed, and would have built it larger if not for restrictions in zoning. ( I keep saying it made no sense that that 270 couldn’t be built to the same density as One Vanderbilt, while both have connections to Grand Central). Vanderbilt was built to a 30 FAR, but 270 was capped at a 23 FAR. It’s why JPMC is building a mini city around 270 Park - the need for more space.

[HyperPower]

Originally Posted by ssh

A tower bigger than your brand new HQ is certainly a a choice 🤷♂️

It won't be bigger or taller then the World HQ in Gotham.. if anything it'll have more square feet because the floor plates will be like 10 ft tall which is like a sardine-can. Canary Wharf has like a 235-250 meter height cap or FAR for New Yorkers. Probably multiple towers around a park campus if anything.

This seems more like a PR stunt as they just announced more increases on taxes to 38% two days ago. There are many reports that many millionaires & billionaires are leaving London and moving to Dubai, Singapore, Hong Kong and putting their money in Swiss & New York banks. I would be surprised if this ever gets built and if it does it will probably be watered down. JP Morgan should invest in Milan or Zurich Heck even Paris and Frankurt look better at this point post Brexit.

[NYguy]

^ Good lord. Just stick with what’s going on here. They will build what they are allowed to build. Nobody said it would be a taller tower.

[NYguy]

Some earlier JPMC plans…


https://www.ianvisits.co.uk/articles...-on-ice-85771/

JP Morgan revives £3 billion skyscraper plan for Canary Wharf after 20 years on ice

[NYguy]

https://www.building.co.uk/news/gand...141041.article

G&T carrying out cost consulting role on JP Morgan tower planned for Canary Wharf
Firm helping out with early feasibility work at Docklands scheme drawn up Fosters


By Dave Rogers
2 March 2026

Gardiner & Theobald has been appointed to a cost consultancy role on JP Morgan Chase’s plan to build a new headquarters at Canary Wharf.

Building understands the firm is helping out with early feasibility work on the scheme which was unveiled by the US bank last November.

The tower has been drawn up by Foster & Partners, the practice which worked on JP Morgan’s recently opened global headquarters in New York, but is at an early feasibility stage with details of its height and what it will look like still under wraps.

What is known is that it will run across three million sq ft and be home to 12,000 employees while flight path regulations in the area mean it cannot be more than 265m high.

G&T’s role is understood to be limited to the early phases of the feasibility work with the tender for the main QS role on the job expected to be one of the most keenly fought jobs in recent years. JP Morgan declined to comment.

The cost of the JP Morgan scheme has been put at £10bn and will be built on the Riverside South plot that was due to developed by the bank nearly 20 years ago before being put on hold because of the financial crash.

JP Morgan then moved into a building on the estate previously occupied by failed Wall Street bank Lehman Brothers, paying £495m for the site in 2010.

But, according to insiders, the bank, which also has a site at Victoria Embankment near Blackfriars, is “bursting at the seams” at its 25 Bank Street site and settled on Riverside South after looking at locations in both the City and Canary Wharf.

[UrbanImpact]

Originally Posted by NYguy

https://www.building.co.uk/news/gand...141041.article

G&T carrying out cost consulting role on JP Morgan tower planned for Canary Wharf
Firm helping out with early feasibility work at Docklands scheme drawn up Fosters


By Dave Rogers
2 March 2026

Sounds like it's gonna be a real fatty with 3million sf in a non-supertall

[NYguy]

Originally Posted by UrbanImpact

Sounds like it's gonna be a real fatty with 3million sf in a non-supertall

Yeah, likely a multi-tower development with a common base, similar to the rendering above.

[Zerton]

Exciting. I've always wondered what it's like to work in Canary Wharf. Do people prefer it from the area where the Gherkin is?