JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower

Bank to submit planning application shortly, after securing deal on 265m-tall London Docklands building

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JP Morgan Chase has reached agreement with London City airport to build one of Europe’s tallest office towers in the east of the capital.

The £3bn tower is poised to be the tallest in the Canary Wharf financial district after JP Morgan, one of Wall Street’s biggest banks, secured approval from the airport.