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Backed by Yoo Capital, the plans includes a studio campus boasting visual-effects, animation and post-production facilities. A pair of major film schools – the National Film and Television School and the London Screen Academy – will also open new education hubs as part of the scheme.

If planning is granted, around 1,370 construction jobs will be created over the three-year build.

Partner social housing developer Places for People has also submitted its own application to deliver 485 homes next to the new studios.

PfP group managing director of developments Andrew Usher said the Camden Film Quarter would be a landmark project and the next step in its placemaking work.

Yoo Capital co-founder Lloyd Lee added that the aim was to build “a neighbourhood where world-class studios, 50% affordable homes and public spaces sit side by side to inspire the next generation”.

Architect Broadway Malyan is leading design work for the residential sites, with a brief to create an ambitious new quarter that reflects local character and delivers real social value.

Turner & Townsend has been appointed by Camden Council as client representative for the regeneration. The firm will develop the council’s requirements for replacement facilities on the site and oversee project management, cost monitoring and design assurance.

The banking giant wants to build the £3bn project on a riverside site, and is reported to be hoping the build will exceed the Shard in height although Canary Wharf building heights are capped to allow for safe flight paths to London City Airport.

Designed by Foster + Partners, the tower mirrors the firm’s ambition at its global HQ at 270 Park Avenue in New York.

The new European headquarters will be built on Riverside South, which JP Morgan bought in 2008, but shelved plans following that year’s global financial crisis.

This site already has foundations and basement levels in place, which bankers argue would shorten the construction timetable should the project proceed.

Designs are being kept under wraps until they are finalised, including the height.

Construction would take around six years, with Canary Wharf Group acting as co-developer and Sir George Iacobescu advising the bank.

While the new tower comes forward, the bank will refurbish its existing 25 Bank Street base.

A study commissioned by JP MorganChase estimates the combined building and refurbishment programme could pump £9.9bn into the UK economy and support more than 7,800 jobs across construction and the wider supply chain.

The scheme has been welcomed by the Chancellor, who called it a multi-billion-pound vote of confidence in the government’s growth plans, and by the Mayor of London, who said the decision underlines the capital’s global financial clout.

The building will feature trading floors, roof terraces, wellness facilities, cafés, cycling infrastructure and upgraded public realm. It forms part of a wider push by the bank, which recently committed up to £350m to expand its Bournemouth campus.

Jamie Dimon, Chairman & CEO of JPMorganChase, said: “London has been a trading and financial hub for more than a thousand years, and maintaining it as a vibrant place for finance and business is critical to the health of the UK economy.

“This building will represent our lasting commitment to the city, the UK, our clients and our people. The UK government’s priority of economic growth has been a critical factor in helping us make this decision.”

JPMorgan is also set to roll out its Security & Resiliency Initiative in the UK, part of a global $1.5tn 10-year programme to support investment in defence, energy, critical minerals and advanced manufacturing.

Once the new Riverside building is delivered, staff will be consolidated between the new HQ and 60 Victoria Embankment, with the bank set to review future options for 25 Bank Street.

Developers now await a planning decision from an upcoming meeting of councillors at the Royal Borough of Kensington & Chelsea as the £10bn scheme straddles both London boroughs.

If both boroughs sign off, enabling works begin next year with first residents targeted for 2030 and full build-out running through to 2041.

Phase one will consist of up to 1,300 homes, public realm and the first cultural venue.

The wider scheme promises thousands of more homes, three cultural venues and 20 acres of parks and public realm.

The masterplan includes 2.5m sq ft of workspace aimed at climate-innovation firms and will run on a zero-carbon energy network.

ECDC chief executive Rob Heasman said the approval marked a major milestone after years of co-design with residents: “This is a long-underused, centrally located site with exceptional connectivity to deliver new homes, jobs and public space at scale. Earls Court will be a new district in West London.”

Once complete, research by Arup suggests the redevelopment will pump £3bn a year into the UK economy and support 23,500 jobs nationwide.

The Foster + Partners designed project will deliver at least 5,000 homes, with half of the 47-acre site dedicated to green space and a kilometre of active waterfront.

It occupies central London’s longest stretch of undeveloped riverfront, with views across Canary Wharf and Greenwich Peninsula.

Already awarded consent, Thameside West will see 1,000 homes delivered in the first stage of the project, with construction set to begin in 2027.

The acquisition from private developer Keystone represents follows Arada’s purchase of local developer Regal in September.

Arada will work alongside the London Borough of Newham, Greater London Authority and Transport for London to transform this former industrial site into a new neighbourhood.

His Highness Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “Our entry into this market was grounded in our unwavering faith in London and its attractiveness as one of the world’s leading capital cities.

“At the time of the Regal acquisition, we articulated our ambition to scale our London residential pipeline to 30,000 units over the next three years, and we have swiftly delivered on growing that pipeline. Thameside West represents a unique opportunity to create a landmark riverside development, and we look forward to working with our partners and utilising our long-standing track record in large-scale, amenity rich residential schemes to unlock the delivery of new housing for London.”

The acquisition of Thameside West increases Arada’s London development pipeline to 15,000 homes.

Tower Hamlets’ approval clears the way for a full rebuild delivering 137 affordable homes with the balance made up of a mix of private, and shared ownership homes.

Designed by PRP Architects, three existing blocks of 72 homes will be replaced with two towers of 21 and 25 storeys and two mid-rise blocks of 6 and 9 storeys.

The scheme includes a courtyard play area, a community garden and two new indoor community hubs

Tiller Road is the latest project in the expanding Riverside–Mount Anvil partnership, which also includes Bellamy Close and Byng Street, Friars Close in Southwark, and 262 affordable homes at Royal Eden Docks.

Marcus Bate, partnerships, planning, communities and sustainability director at Mount Anvil, said: “With this planning success, we have over 1,000 homes under development with our joint venture partners Riverside across four London sites.

“The transformation of the Tiller Road Estate is going to deliver long-lasting positive impact for residents.”

The developer now expects first starts in 2027 on major projects at Mayfield in Manchester, Lewisham in south-east London, Finchley Road in north London and MediaCity in Salford.

Landsec said that returns were currently not at sufficient levels to justify earlier starts.

In the last six months, the developer has secured a resolution to grant detailed consent for the first 879 homes at Mayfield in Manchester and secured resolution to grant part-outline and part-detailed consent for 2,800 homes in Lewisham.

This adds to the existing consents for 1,800 homes at Finchley Road in North London and an allocation for 2,700 homes at MediaCity in Salford.

But market conditions remain challenging with the firm highlighting the collapse in London housing delivery, where new starts in the first nine months of 2025 fell to just 3,248 – down around 75% over the past three years.

In a trading statment this morning, the developer said: “We could see first starts on site in 2027, taking into account detailed design works, Building Safety Act approvals, and site preparation. However, returns currently are not at sufficient levels.”

It said there were early signs of improvement in development market conditions. These included a “positive” policy shift in London around cutting affordable housing targets from 35% to 20%, halving the Community Infrastructure Levy, and easing design burdens.

Landsec added: “These measures are supportive… and could lead to an improved outlook for residential development returns in 12–18 months, but in the meantime capex spend will be very limited.”

The 11-year construction programme is estimated to start in 2026 with the first homes delivered in 2030.

Kensal Canalside will contain 2,519 new homes plus two parks and a local high street with new offices, shops, cafes and restaurants – with a reinstated, historic canal basin at its heart.

Plans also include a new flagship 60,000 sq ft Sainsbury’s supermarket with car parking underground.

The proposed neighbourhood will transform the 19-acre brownfield site in the Royal Borough of Kensington and Chelsea – a large proportion of which has been closed off to the public for over 40 years as a former gasworks.

John Mulryan, Group Managing Director, Ballymore, said: “This will be an exemplar project, showing how we can turn a complex, former gasworks into a thriving place full of character delivering over 2,500 much needed new homes.

“Kensal Canalside will bring thousands of jobs, a new high street, leisure spaces – all of which will be game changing not just for the people who’ll move here, but for thousands of residents in the wider community.

“Kensal Canalside demonstrates the partnership approach we are taking to deliver large numbers of high-quality homes across the capital – in this case with Sainsburys.

“The collapse in housing starts in London is a serious threat to our city and the wider country. With our partners and local councils we have a responsibility to build increasing numbers of new homes, and we know that large, under-used brownfield sites like this can make a significant contribution to delivery.”

Patrick Dunne, Chief Property & Procurement Officer, MD Smart Charge, Sainsbury’s, added: “Since 2009 we’ve been working successfully with development partners like Ballymore to redevelop Sainsbury’s sites into new homes and community spaces, while transforming what we offer customers.

“We’re thrilled that the Council has granted us permission to build on this track record and deliver a groundbreaking new development for Ladbroke Grove.”

The sale paves the way for a £3.9bn investment to build one of Europe’s biggest and most advanced data campuses, consisting of three big builds.

Covering 85 acres off the M25, the vast site now rebranded by Equinix as the Hertfordshire Campus will deliver more than two million square feet of data centre space to support the surging demand for cloud and AI services.

The deal marks a major milestone for the UK’s fast-growing data infrastructure sector following the government’s move to classify data centres as Critical National Infrastructure last year,  a decision influenced by the scale of the DC01UK project.

James Craig, director of DC01UK, said: “This is a landmark moment for the UK and a powerful example of local entrepreneurship driving national innovation.”

He added: “We’re proud to see our vision taken forward by a global leader committed to delivering it to the highest standards.”