The building and property development presently taking place in the capital reinforces the plans for more than 200 new towers that will alter the London skyline. The survey was commissioned by New London Architecture and executed by property consultant GL Hearn. The results of the survey were disclosed at the recent Mipim property show, where in order to qualify, buildings had to comply with the over 20 storeys high rule. Most applications for high-rise structures come from Tower Hamlets on the border of the City in east London, followed by the area south of the river Lambeth with 31 applications and includes Vauxhall. The areas that have been targeted for most of the future expansion are central and east London, having secured 77% of the 236 buildings planned for construction.It was also shown by the survey that 33 of the buildings will be between 40 and 49 storeys, including the 46-storey Leadenhall building by Rogers Stirk Harbour & Partners. This is due to be completed this summer and a further 22 developments are designed to be 50 or more storeys. Most of the plans are allocated to residential accommodation, making up 80% or a total of 189 new high-rise structures. 8% of the allotted space has been identified for office use with an additional 3% mainly for hotel use. Altogether, 113 towers, 48% of those planned, have had their designs sanctioned. According to London’s mayor, Boris Johnson, international investment is one reason for the great number of developments planned for a global city like London, adding to its transformation. He has requested developers to sign an agreement to market homes to Londoners prior to, or at the same time, that they become available to overseas purchasers. The developers that have signed include Battersea Power Station Development Company, Barratt, Berkeley, Dalian Wanda, British Land, Grosvenor, Taylor Wimpey, Lipton Rogers, Lend Lease, Land Securities and Mace. The mayor added that he wants London residents to live in close proximity to their places of employment and the increase in home building will be of benefit to everyone in the city who makes a contribution to the country’s economy.
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