Rense.com



Europe's Tallest Building
Approved For London

By Richard Alleyne and Helena Keers
The Telegraph - UK
11-25-3

A controversial skyscraper that will be Europe's tallest building has won planning approval from the Government despite concerns that it will destroy views across central London.
 
John Prescott, the Deputy Prime Minister, has granted permission for the 1,016ft London Bridge Tower, casting aside claims that it will ruin the capital's skyline and overshadow St Paul's Cathedral.
 
The 66-storey office and apartment block - more than 200ft taller than Canary Wharf to the east in London's Docklands - will become not only the highest but also the most striking building in the capital.
 
Created by Renzo Piano, the Italian architect who co-designed the Pompidou Centre in Paris, the tower, nicknamed "the shard of glass", will resemble a finely tapering cathedral spire.
 
Southwark Council has already given planning approval and Ken Livingstone, the Mayor of London, has actively supported skyscrapers.
 
But English Heritage is bitterly opposed to the 900,000 sq ft tower, to be built above London Bridge station, saying that it would destroy historic views.
 
Yesterday a spokesman for English Heritage said that it was "disappointed" at the decision as it felt it was an "inappropriate addition to the skyline of the area".
 
Its developer, Irvine Sellar, of Sellar Property Group, said he and Mr Piano were "overjoyed" at the decision, which meant the tower could be completed by 2009.
 
Mr Sellar, whose property company Ford Sellar Morris collapsed in 1991 with debts of £132m, denied speculation that the plans would be watered down. He said: "We have entered into a legally binding agreement with Mr Piano. There is no question of dumbing down. This is his first project in London and no doubt his most important project to date."
 
Paul Evans, Director of Regeneration at Southwark Council, praised the project. "The height, form and excellent design quality of the London Bridge Tower make it a world-class building that will attract visitors from around the world and bring investment and jobs to Southwark," he said.
 
The tower will offer 850,000 sq ft of office space, with apartments, a hotel, restaurants and two viewing platforms. Construction costs are likely to be about £300m, with the end value of the project placed at between £750m and £1 billion.
 
Sellar Property Group is working with two financial partners to build the tower, each taking a one-third stake in the project. They are CLS Holdings, a quoted property company valued at £239m, and an offshore family trust.
 
© Copyright of Telegraph Group Limited 2003.
 
http://www.telegraph.co.uk/money/main.jhtml?xml=%2Fmoney%2F2003%2F11
%2F20%2Fcnshard20.xml&secureRefresh=true&_requestid=14769
 

Disclaimer

 


MainPage
http://www.rense.com

This Site Served by TheHostPros