"The property, which will be co-developed by Canary Wharf Group, is being designed by Foster + Partners, the British architecture practice that's also responsible for the bank's recently opened global headquarters in New York. "This building will represent our lasting commitment to the city, the UK" and its staff, said JPMorgan Chief Executive Officer Jamie Dimon. "The UK government's priority of economic growth has been a critical factor in helping us make this decision.""
"With a gross internal area of 3 million square feet, the proposal is about a third larger than the biggest office building currently in London, the 22 Bishopsgate tower, which has a a gross area of about 2.1 million square feet and about 1.2 million square feet of internal office space. JPMorgan said the development is expected to contribute £9.9 billion ($13 billion) to the local economy, including an additional 7,800 jobs across construction and other industries."
"JPMorgan Chase & Co. plans to build a new tower in Canary Wharf for its headquarters in the UK, a multibillion-pound endorsement of London's status as a global financial center a day after Rachel Reeves delivered a budget that largely spared banks. The office building would be London's largest by far at three million square feet and could host as many as 12,000 employees, according to a statement from the investment bank Thursday. The construction is expected to take six years."
JPMorgan Chase & Co. plans to build a new Canary Wharf tower as its UK headquarters, a multibillion-pound investment following the recent budget that largely spared banks. The office would be London’s largest at three million square feet, able to host as many as 12,000 employees, with construction expected to take six years. The property will be co-developed by Canary Wharf Group and designed by Foster + Partners. JPMorgan projects the development will contribute £9.9 billion to the local economy and create about 7,800 additional jobs across construction and other industries. Plans are subject to approvals and a continuing positive UK business environment.
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