"The planned tower could be 265m tall, meaning the new building would stand about 30m higher than One Canada Square, the tallest building in Canary Wharf."
"JP Morgan's new London HQ is expected to span 279,000 sq metres and will house more than half of its 23,000 UK staff."
"Questions are now being raised about the financial inducements the company has sought from the UK government to build the skyscraper."
JP Morgan Chase has secured an agreement with London City airport to construct a 265m office tower in Canary Wharf, which will be the tallest in the district. The new headquarters will cover 279,000 sq metres and accommodate over half of the bank's 23,000 UK employees. Following discussions regarding height restrictions due to the airport's proximity, the bank is finalizing designs and preparing to apply for planning permission. Concerns have arisen regarding financial incentives requested from the UK government, including a discount on business rates.
Read at www.theguardian.com
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