Friday, May 11, 2007
LONDON CALLING: JP Morgan To Erect New European Headquarters in London - May 3, 2007 - The New York Sun
JP Morgan To Erect New European Headquarters in London - May 3, 2007 - The New York Sun
Action across the pond in London.
JP Morgan entered exclusive talks with the City of London municipality and real estate developer Hammerson Plc. The three parties have 90 days to agree on terms, the statement said.
Property Week reported in February that the JP Morgan might move its new headquarters to Canary Wharf because of the need for space. JP Morgan's London operations are currently based in several buildings. The proposed new headquarters, to be built between London Wall and Fore Street, would house JP Morgan's London investment banking business. The asset management and treasury and securities units would remain nearby, the New York-based bank said.