JPMorgan progresses plans for 3m sq ft Canary Wharf headquarters
Foster + Partners tower moves towards full planning submission.
8 April 2026
JPMorgan Chase is progressing plans for its new UK headquarters at Canary Wharf, with the scheme now moving towards a full planning submission following earlier design revisions.
The proposed development will deliver a three million sq ft office tower on a riverside site within Canary Wharf, creating what would be the largest office building in London and a new base for up to 12,000 employees.
Earlier outline proposals for the development had raised concerns around building height and scale, but these issues have now been addressed after agreement with the nearby London City Airport, enabling the project to move forward into the detailed planning stage.
Designed by Foster + Partners, the building is intended to mirror the approach taken at the bank’s global headquarters at 270 Park Avenue in New York, with a focus on large floorplates, high-performance workspace and integrated employee amenities.
The scheme is being brought forward in partnership with Canary Wharf Group and represents a significant long-term investment in London’s office market. It is expected to consolidate a large proportion of JPMorgan’s existing London workforce, currently spread across multiple locations including Canary Wharf and the City.
In addition to office space, the scheme will include enhancements to the surrounding public realm, including new parkland, improvements to the dock edge and increased public access to the waterfront.
The building will incorporate a range of occupier-focused features, including trading floors, collaboration spaces, wellness facilities and terraces, reflecting evolving expectations for large-scale corporate headquarters.
Construction is expected to take approximately six years once approvals are secured, with interim upgrades planned for JPMorgan’s existing offices during the development period.
The project underlines continued demand for large, high-quality office space in London, particularly from global occupiers seeking to consolidate operations into modern, sustainable headquarters buildings.
