103 new skyscrapers set for London | 29 October 2012
Over 100 new skyscrapers are in the process of being built in London, resources.knightfrank.com reports.
A new report by construction firm Frank Knight found that 103 new buildings with 20 floors or more are either under construction or have been granted planning permission. This is comprised of 25 blocks already being built as well as a further 78 which have been granted permission and are due to commence imminently.
Not all the 103 are expected to begin right away, however, as certain firms are finding it difficult to secure enough funding to kick-start the project.
Those buildings with the finance to start building are expected to get underway as soon as possible, with many rushing to beat the 2016 deadline whereby any new large-scale residential developments will need to be carbon-neutral. Furthermore, planning permission for more “new age” developments is thought to have been given a boost following the success of the Shard in London Bridge, which has gained large-scale exposure around the world.
Chris Brett, partner at planning and design consultancy Barton Willmore, told londonlovesbusiness.com of the results: “City planning officer Peter Rees has publicly said that we’re unlikely to see more tall towers in the City itself after the current spate completes.
“But while the Square Mile may have called time on building up, across London tall buildings are the landmarks of the future.”
Written by David Howells on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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