A colossal development in London’s Canary Wharf received a major boost this week with the announcement that JP Morgan, a bank which also announced thousands of job losses this week, has bought the 999 year lease to the Richard Rogers designed building. Canary Wharf Group, who commissioned the build of a u-shaped multi-use structure in 2002, sold the lease to JPMorgan for £237million providing a vote of confidence for the development despite recent market conditions.