London, December 2025 – JPMorgan Chase has unveiled plans for a major new UK headquarters tower in London’s Canary Wharf, a project set to become one of the largest and most expensive office buildings in Europe. The development marks one of the bank’s biggest real‑estate commitments outside the United States and signals renewed confidence in London’s role as a global financial hub.
According to filings and industry sources, the tower is expected to cost more than £3 billion to construct Yahoo News UK Yahoo Finance UK, with the total economic contribution — including construction activity — projected at £9.9 billion over six years RTÉ Ireland Sharecast. The building will span over 3 million square feet, more than double the floorspace of The Shard, and will accommodate up to 12,000 employees.
Designed by Foster + Partners, the proposed tower will anchor JPMorgan’s European, Middle East and Africa operations. Early plans include new public parkland, upgraded access to the Riverside South area, and amenities such as terraces, wellness spaces, nursing rooms, restaurants, cafés, and extensive bicycle facilities Yahoo Finance UK Evening Standard.
The bank already employs around 13,000 staff in London, and the new headquarters will consolidate several operations currently split between Canary Wharf and the City. Construction is expected to take six years, pending planning approval from local authorities and aviation regulators, as building heights in the area are capped due to proximity to London City Airport Construction Enquirer.
JPMorgan said the project reflects its “lasting commitment to the UK,” noting that the government’s focus on economic growth helped support the decision to proceed with the landmark development Sharecast.
Chase Tower Building Picture from chasetowerdallas.com
