The paint is barely dry on JPMorgan's state-of-the-art New York HQ, but it's already planning a new tower in London

Core Insights - JPMorgan Chase plans to build a new 3-million-square-foot headquarters in London's Canary Wharf, which will accommodate up to 12,000 employees and is expected to contribute £9.9 billion ($13 billion) to the local economy over six years [1][2][6] Group 1: Project Details - The new headquarters will be one of the largest and most sophisticated office towers in Europe, with construction expected to take six years pending necessary approvals [2] - The architectural firm Foster + Partners, which designed JPMorgan's new Park Avenue headquarters, will oversee the London project [2][3] - The building will feature amenities aimed at supporting employees' physical and emotional well-being, including terraces, wellness spaces, nursing rooms, restaurants, cafés, and bicycle parking [5] Group 2: Economic Impact - The project is projected to significantly boost the local economy, contributing £9.9 billion ($13 billion) over a six-year period [1][6] - Jamie Dimon, CEO of JPMorgan, emphasized London's historical significance as a financial hub, reinforcing the city's status on the global stage [7][6] Group 3: Company Culture - The new headquarters is designed to reflect JPMorgan's cultural expectations for its employees, promoting in-office work and collaboration [3][4] - The building will include exceptional collaboration spaces and state-of-the-art trading floors [5]