Firm helping out with early feasibility work at Docklands scheme drawn up Fosters
Gardiner & Theobald has been appointed to a cost consultancy role on JP Morgan Chase’s plan to build a new headquarters at Canary Wharf.
Building understands the firm is helping out with early feasibility work on the scheme which was unveiled by the US bank last November.
The tower has been drawn up by Foster & Partners, the practice which worked on JP Morgan’s recently opened global headquarters in New York, but is at an early feasibility stage with details of its height and what it will look like still under wraps.
What is known is that it will run across three million sq ft and be home to 12,000 employees while flight path regulations in the area mean it cannot be more than 265m high.
G&T’s role is understood to be limited to the early phases of the feasibility work with the tender for the main QS role on the job expected to be one of the most keenly fought jobs in recent years. JP Morgan declined to comment.
Canary Wharf Group, which is helping develop the tower, has its own framework of cost consultants for the site which comprises T&T Alinea, Mace, due to be formally acquired by Goldman Sachs this week, Atkins and Exigere.
The cost of the JP Morgan scheme has been put at £10bn and will be built on the Riverside South plot that was due to developed by the bank nearly 20 years ago before being put on hold because of the financial crash.
JP Morgan then moved into a building on the estate previously occupied by failed Wall Street bank Lehman Brothers, paying £495m for the site in 2010.
But, according to insiders, the bank, which also has a site at Victoria Embankment near Blackfriars, is “bursting at the seams” at its 25 Bank Street site and settled on Riverside South after looking at locations in both the City and Canary Wharf.
London tower builders have put the plans on their radar with JP Morgan understood to be mulling whether to use contractors like Mace and Multiplex for the job – or stick to Canary Wharf Contractors which has carried out much of the building work at the Docklands estate over the years.
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