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JPMorgan to build huge new tower in London's Canary Wharf
JPMorgan's new tower in Canary Wharf will house 12,000 employees and is expected to add nearly £10 billion to the local economy over six years, subject to planning approval.
- On Thursday, JPMorgan announced plans to build a three million square foot tower in the Canary Wharf financial district in East London, with costs likely over 3 billion.
- JPMorganChase said the move reflects a lasting commitment to London, and Jamie Dimon noted that the UK government’s growth focus influenced the decision.
- Canary Wharf Group is acting as co-developer, with JPMorganChase saying the project will contribute almost £10 billion to the local economy over six years and create 7,800 jobs.
- JPMorganChase will retain its existing 25 Bank Street building while the new tower is built, and local leaders welcomed plans for a new riverside park and shared community space.
- JPMorganChase's scheme — set to be London's largest office — underscores its UK footprint of 23,000 employees and a nearly 7.5 billion annual contribution to the economy.
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JPMorgan to build 3 million-square-foot, multibillion dollar tower in London’s Canary Wharf
JPMorgan Chase will build a tower in London's Canary Wharf financial district, unveiling plans on Thursday to invest billions of pounds on the heels of a budget that sought to boost Britain's finances and growth.
·New York, United States
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LONDON--(BUSINESS WIRE)--Nov 27, 2025-
·Bakersfield, United States
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Madrid. JPMorgan Chase, the largest bank in the United States for assets, announced Thursday that it will build a new headquarters for its operations in the United Kingdom in the Canary Wharf financial district, which will inject about $13.110 million (9.9 billion pounds) into the British economy over the next six years. According to the published press release, the tower will house about 12,000 employees and will have about 280,000 square meter…
Coverage Details
Total News Sources28
Leaning Left5Leaning Right3Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 33%
C 47%
R 20%
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