"Jamie Dimon, JP Morgan's chief executive, said the project represents the bank's long-term commitment to the UK. "This building will represent our lasting commitment to the city, the UK, our clients and our people," he said. "London has been a trading and financial hub for more than a thousand years. Keeping it a vibrant centre for finance is critical to the health of the UK economy.""
"The bank, which employs 23,000 people in Britain, has held a 999-year lease on the site since 2008. Construction is expected to begin once planning approval is granted and will take around six years. During that period, JP Morgan will refurbish the interior of its existing Canary Wharf tower at 25 Bank Street, currently home to its commercial and investment bank."
JP Morgan Chase plans a £3 billion, 3 million sq ft tower in Canary Wharf that will become its principal UK headquarters and house 12,000 staff. The Foster + Partners–designed skyscraper will include wellness spaces, terraces and multiple restaurants, mirroring the bank's New York global headquarters. The bank employs 23,000 people in Britain and holds a 999-year lease on the site since 2008. Construction will begin after planning approval and is expected to take around six years, during which JP Morgan will refurbish its existing Canary Wharf tower at 25 Bank Street.
Read at Business Matters
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