London set to become home to the largest residential tower in the west

Plans have been announced that could see the London Docklands area become home to the tallest residential tower in Western Europe, writes property developer Richard Carr.

Investment

Richard Carr Spire London

Spire London

The project is being funded by a leading Chinese residential developer, which is another indicator that Britain will remain strong and get stronger following Brexit.

Greenland Group revealed plans for Spire London, which is expected to stand 67-storeys high and have a gross development value in excess of £800m.

The development, which will be located adjacent to Canary Wharf, will provide a staggering 861 apartments, with 765 of them being available for private sale.

Apartments range from luxurious suites of one, two and three bedroom sizes and three-bedroom duplex penthouses.

London

Yuliang Zhang, chairman and president of Greenland Group, claimed that the development in London was the Group’s most important project in Europe and would create a new iconic landmark of London’s skyline.

“Greenland Group operates across four continents and is a global leader in delivering high-rise residential buildings, and has already built or is developing four of the 10 highest buildings in the world,” Zhang said.

Residents will also be able to enjoy a 35th-floor spa, which will include a swimming pool, lounge areas and a Jacuzzi with views over London. Additionally, there will be a club room with a cocktail bar, lounge and cinema room.

“This important launch reflects the confidence that Greenland Group continues to have in both the London economy and the London property market,” added Wenhao Qian, managing director of Greenland (UK) Investment Ltd.

“We believe that there is always a demand for ‘best-in-class’ property assets that offer a high-quality, bespoke, designed and unique product in a prime location.

“In our view, Spire London fulfils these criteria, and we believe there will be significant demand for the apartments within this tower from both the UK and overseas.”

Positivity

Richard Carr is pleased to see overseas investment of this sort in the UK economy. Despite the uncertainty created by Brexit, Carr is a firm believer that the country will prosper and grow outside of the European Union.