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Old November 15th, 2013, 11:48 AM   #1
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LONDON | Spire London | 235m | 771ft | 67 fl | App

Europe's tallest residential building to be built in Canary Wharf.

The 74-storey, £1bn building will offer luxury apartments to the hyper-rich



The tallest residential tower in Europe offering luxury apartments to the hyper-rich is to be built at Canary Wharf - London.

Tom Ryan, the Irish property developer, is planning to spend £1bn on the 74-storey tower, which will be seven metres taller than One Canada Square, the tallest Canary Wharf building at present, and only 64m short of The Shard.


Mr Ryan has already acquired the site, the Financial Times reported, but has yet to convince Tower Hamlets council to allow a housing development at such scale.


Stuart Robinson, of property advisers CBRE, said it would be difficult for the council to turn down.


The Hertsmere Tower will be priced as prime real estate – upwards of £1,000 per square foot – in an attempt to attract London’s highest earners to abandon their traditional western haunts of Mayfair and Knightsbridge in favour of the eastern Docklands.



Another great project for Canary Wharf.
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Old November 15th, 2013, 11:53 AM   #2
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Here is a link to the official website: http://hertsmerehouse.co.uk/

This project is believed to be the replacement to the approved Columbus Tower.Changes in the economic environement meant that the new Hertsmere Tower proposal had to be much more financially sensible.
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Old November 15th, 2013, 12:26 PM   #3
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On the one hand it is nice to see the area getting another new major skyscraper on the other hand I'm getting sick and tired of these 'only for the hyper-rich' projects.

I guess most of us like living in inner cities and projects like these are one of the reasons why doing so is becoming less and less affordable all the time - projects whose primary goal does not seem to be the creation of new living space but to provide investment options for the hyper-rich.
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Old November 15th, 2013, 12:55 PM   #4
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http://www.standard.co.uk/news/londo...f-8941583.html



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Old November 15th, 2013, 01:07 PM   #5
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Quote:
Originally Posted by [email protected] View Post
On the one hand it is nice to see the area getting another new major skyscraper on the other hand I'm getting sick and tired of these 'only for the hyper-rich' projects.

I guess most of us like living in inner cities and projects like these are one of the reasons why doing so is becoming less and less affordable all the time - projects whose primary goal does not seem to be the creation of new living space but to provide investment options for the hyper-rich.
I believe that projects like these are the reason why everything is not becoming less and less affordable all the time faster. If more super-rich buy apartments in one tower, then they will leave neighbourhoods to the people, instead of buying where normal people wanna buy and pushing them further out! Of course that's not always the case, taking into account that super-rich may wanna buy 2 or 3 houses in London. But I think it helps a bit-And towers look good.

And also, I would hate to see towers not for the super-rich in London. I know how this sounds, but as towers make a huge impact on the skyline I would prefer them to be top quality. I don't know the reason, but unfortunately, in London, towers that are not for the rich look plastic and cheap, and I would hate to see them all over London. Case in point: Stratford.

Now on the other side, why can towers in London not be okay-good quality and be affordable, I'm really wondering. But I guess developers can make way more money and quicker selling to millionaires.
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Old November 15th, 2013, 01:55 PM   #6
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Meanwhile...

--
London needs 809,000 new homes - new analysis

The existing emphasis of investing in rent through housing benefit instead of investing in bricks and mortar is not delivering the homes London needs. As the London Councils analysis shows, £50bn has been spent on housing benefit in the last decade while only £17bn has been invested building new homes.

The London housing crisis in facts:

• Since 1983, house prices have increased fourfold despite salaries only increasing 1.5 times (London Councils report)

• The majority of people living in the capital will rent by 2021, with the number of owner-occupiers falling from 51.6 per cent in 2010 to 44 per cent by 2021 (National Housing Federation, January 2012)

• In June 2012, the average mix adjusted house price in the capital was £392,000, compared with an England average of £240,000 – or 61 per cent higher (The Mayor’s Housing Covenant, 29/9/12)

• A residential report by consultancy CBRE shows 197,000 homes have been built in the capital over the last decade, despite the city’s population growing by 850,000 over the same period (Inside Housing, 3/8/12)

• The average rent for a two bed property is now 53 per cent of average single person’s salary - compared to 25 per cent in the North East (Savills & Rightmove, ‘Rental Britain’, spring 2012)

• Every £1 spent on new housing generates £2.60 in the supply chain (Montague Report, August 2012, p2).
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Old November 15th, 2013, 06:29 PM   #7
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Is this the project that was originally supposed to be 80 storeys, or is it another one? I know the Colombus Tower was supposed to be 63 floors.

Scratch that. I saw the answer in another thread. I was mistaking this project for South Key Plaza because some info was posted in that thread.

Canary Wharf is going to end up looking like a mini (with emphasis on the word mini) Manhattan (a good thing).

Last edited by mray; November 15th, 2013 at 06:38 PM.
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Old November 16th, 2013, 10:35 PM   #8
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There must be a good market for residential skyscrapers in London. Apartment prices are skyrocketing.
I thought a 74 floor skyscraper should be taller than 234 meter. Ceiling heights are quite low.
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Old November 18th, 2013, 12:04 PM   #9
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here on skyscraper news it is mentioned as 242m tall

http://www.skyscrapernews.com/news.php?ref=3355

Is this the former design?













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Old November 19th, 2013, 12:06 AM   #10
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242 meter would make it the tallest in Canary Wharf, I think?
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Old November 19th, 2013, 12:13 AM   #11
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yes, thats the old design
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Old November 20th, 2013, 12:53 AM   #12
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I prefer the new one
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Old November 20th, 2013, 07:56 PM   #13
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Quote:
Originally Posted by Eric Offereins View Post
242 meter would make it the tallest in Canary Wharf, I think?
If it is 242m (journalists sometimes make mistakes) then yes it would be the tallest in Canary Wharf, current tallest is 1 Canada Square at 235m.
Even if built to the height of the previous design (237m) it would still be the tallest on the Estate.
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Old November 21st, 2013, 12:21 AM   #14
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I loved Columbus can't they build both
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Old November 21st, 2013, 11:49 PM   #15
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Quote:
Originally Posted by Frankus Maximus View Post
If it is 242m (journalists sometimes make mistakes) then yes it would be the tallest in Canary Wharf, current tallest is 1 Canada Square at 235m.
Even if built to the height of the previous design (237m) it would still be the tallest on the Estate.
Not for long, though. Lots of stuff going up in Canary Wharf in the future.
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Old November 22nd, 2013, 09:48 AM   #16
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Quote:
Originally Posted by SomeKindOfBug View Post

Not for long, though. Lots of stuff going up in Canary Wharf in the future.
Yeah isn't south quay 250m?
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Old November 22nd, 2013, 11:44 AM   #17
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Its strange.

Residential Boom in Canary Wharf.

Diamond Tower is 58 Storeys (218m)
Hertsmere 74 Storeys (237m)
South Quay 80 Storeys (250m)
Chalegrove's 75 Storeys (239m)
30 Marsh Wall 57 Storeys (205m)
Wood Wharf Residential 60 Storeys+ (TBC 200m).

Lots of 60-150m mid-high rises under construction too.
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Old November 22nd, 2013, 12:11 PM   #18
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Do all of these projects have threads?
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Old November 22nd, 2013, 12:46 PM   #19
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On the London forum, yes.
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Old November 22nd, 2013, 01:41 PM   #20
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Thanks
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