Read this article in Français Deutsch Italiano Português Español
JPMorgan to build multi-billion-pound office block in London’s Canary Wharf
27 November 2025
London’s Canary Wharf at night (Image: Ross via AdobeStock - stock.adobe.com)
US-based bank JPMorgan is planning to build a multi-billion-pound office tower in London’s Canary Wharf, according to reports.
Sources familiar with the project told Reuters that the designs for the tower, as well as its height, were still being finalised.
The office will be arounds 3 million sq ft (280,000 sq m), which would make it one of Europe’s biggest towers by floorspace.
It would also be JPMorgan’s biggest office in Europe, the Middle East, and Africa and would house up to 12,000 employees, according to the bank.
JPMorgan said the investment was subject to the business environment remaining positive in the UK. It would come soon after building a new global headquarters in New York.
“The UK government’s priority of economic growth has been a critical factor in helping us make this decision,” JPMorgan chairman and CEO Jamie Dimon said.
JPMorgan is building the tower on a site known as ‘Riverside South’ that it bought in 2008 to the west of the Canary Wharf estate on the banks of the River Thames.
The new tower will be designed by Foster + Partners, the practice founded by renowned architect Norman Foster, who also designed JPMorgan’s recently opened global HQ in New York.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
