The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Number of Tall Buildings Planned For London Heading Towards 500

A new report has revealed that an additional 119 new tall buildings have been planned for London since this time last year. This takes the total number of tall buildings in the pipeline to 436. The research, which is updated annually, is published by New London Architecture (NLA) and GLHearn (part of Capita Real Estate) and considers tall buildings to be those consisting of at least 20 floors.

The research shows that since last year, the number of tall buildings that are under construction has increased from 70 to 89 and a total of 233 tall buildings in London have planning approval but are yet to start on site, while a further 114 towers are either in planning or at pre-application stage. Since this time last year, 94 tall buildings were submitted for planning, up from 72 in the previous year.

Over the last two years, NLA with GL Hearn have reviewed planning and construction activity for tall buildings over 20 storeys. This year EGi has provided access to its extensive database allowing additional projects to be identified, which includes tall building proposals that pre-date the start of the survey in 2014.

However, so far the completion of tall buildings in the capital is still relatively small with only 19 tall buildings completed over the last year, up from 6 in the 2015 report, indicating that whilst there are a large number of tall buildings in the pipeline, a relatively small proportion are currently being delivered.

Want the full article?