Spurred by the news of Qatar residential Tower in London, British Prime Minister whilst speaking in Singapore 3 days ago, vowed to expose the use of “anonymous shell companies” buying luxury UK property, thus pushing up UK house prices.
This story however is not about purchasing but developing a uniquely resplendent residential building that will nonetheless come at a certain price.
Qatar Investment Authority (QIA) plans to build a residential tower in London as reported by a Qatar daily Gulf Times on 28 July 2015.
The tower will be a 468 apartments building set in a prominent waterfront of South Dock, directly to the east of the existing Canary Wharf.
Canary Wharf Group, a wholly owned joint venture between Brookfield Property Partners and the QIA, has received planning approval to build this residential tower that was designed by Swiss architects Herzog & de Meuron. The cylindrical residential tower will form a key part of a new sizable residential development at Canary Wharf.
Qatar residential Tower in London
Reuters informed in January 2014 that Qatar was to extend the London Shard development with a new 27 storey tower next to the Shard, the skyscraper that has become since then a London landmark.
The Shard was conceived as a building with multiple uses: a vertical city where people could live, work and relax. It comprises world-class offices, award-wining restaurants, the 5-star Shangri-La Hotel, exclusive residences and the UK’s highest viewing gallery, The View from The Shard, offering 360-degree views. Well-connected and comprehensively serviced by central London’s transport infrastructure, facilities and amenities, The Shard is a timeless reminder of the power of imagination to inspire change.
Further reading is at Qatar fund makes joint approach for Canary Wharf