JPMorgan Chase to Build New Tower in London

JPMorgan Chase announced its intention to build a new three-million square feet tower in London. According to a story in MarketsMedia news, this project would enable additional capacity for the firm to grow by creating a world-class workplace for up to 12,000 employees, further strengthening London’s position as a global financial hub. The plans are subject to a continuing positive business environment in the UK and the receipt of the necessary approvals and agreements at a national and local level. Serving as the firm’s principal headquarters in the UK and its most significant presence in EMEA, the building would be situated on the Riverside development in Canary Wharf. The plans will provide employees and clients with a first-class working environment against a backdrop of uninterrupted views across the River Thames to central London. The building is expected to take six years and will begin as soon as necessary approvals and agreements are in place.