Overview
- The planned Riverside South tower would serve as JPMorgan’s UK headquarters and accommodate up to 12,000 employees.
- An independent study estimates a contribution of roughly £9.9–£10 billion to the economy over six years, including about 7,800 related jobs.
- Foster + Partners is set to design the building with new public parkland and a redevelopment of the Canary Wharf dock.
- Construction is expected to take around six years once approvals are secured, with industry estimates putting direct costs at more than £3 billion, and the bank retaining 25 Bank Street and 60 Victoria Embankment during the build.
- The Guardian reports Jamie Dimon signed off last week after UK assurances on a pro-growth stance, while Goldman Sachs separately announced about 500 new roles in its Birmingham office.