JPMorgan Chase has made public its plan to erect a new 3, million, square, foot flagship tower in London. The company revealed that the move would expand its global office footprint and be a source of growth for a long time.
The tower on the drawing board will supply state of the art office space, cutting, edge infrastructure, and eco-friendly design. Besides, JPMorgan Chase plans to turn the location into a core unit for its European and worldwide operations. Therefore, the building will have to house the increased personnel and the changing nature of the business.
Moreover, the firm has stated that this construction is a response to the continued upward trend in demand for high, quality commercial real estate in the London financial district. As a result, the new tower is intended to offer both the scale and the flexibility required by institutional finance operations.
Besides that, JPMorgan Chase has affirmed its determination to green principles and state of the art technology. Hence, the building outlines green building standards and energy, efficient design elements. These steps are in line with the direction of corporate real estate development.
To sum up, the London tower of the future is a clear indication of JPMorgan Chase’s commitment to the city as a global finance hub. With this move, the company is setting the stage to improve its operations, attract the best talent, and keep a strong position in international banking and finance.
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News Source: Businesswire.com
