Global financial firm JPMorgan Chase & Co. has announced plans to bring a new technology home to Glasgow.

Located in the heart of Glasgow's International Finance District, the 270,000 sq ft building will contain large open plan office floors across 13 storeys and the project will be developed by Osborne+Co.

It will be one of the first buildings constructed under Planning Policy CDP 5 (Resource Efficiency) of the Glasgow City Development Plan, which sets energy efficiency and CO2 emission performance standards.

To achieve BREEAM Excellent certification, the building will include a number of sustainability-focussed features including efficient LED lights, responsibly sourced materials and minimized water consumption. There will be over 350 bicycle spaces but only 12 car parking spaces.

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When complete, the Argyle Street building will serve 2,700 employees.

Lori Beer, Global Chief Information Officer, JPMorgan Chase & Co, said: "This investment is just the next step in our unwavering commitment to the city of Glasgow. We have enjoyed 20 years of success in the city and this has helped build our global reputation of technology innovation for our clients. JPMorgan Chase is proud to have a site as dynamic as Glasgow, which is testament to the expertise and hard work of our employees there."

Welcoming the news, Scottish Enterprise CEO, Steve Dunlop said: "This investment is further endorsement of Glasgow and its International Financial District as a thriving location for the global financial services sector. With a strong heritage of operations in Glasgow, JPMorgan Chase has benefited from the diverse skills base on offer and provided valuable jobs for communities in and around the city for many years. This new investment will provide a fantastic platform for growth and allow the company to go from strength to strength as it cements its long term commitment to the people of the West of Scotland."

JPMorgan Chase's new Glasgow building is scheduled to open its doors in 2022.

(CM/JG)