CLICK BELOW FOR THE LATEST ISSUES

Survey reveals more tall buildings planned for London

Survey reveals more tall buildings planned for London

March 2016

A new report released this month reveals there are an additional 119 new tall buildings 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 includes buildings of 20 floors and over.

The research shows that since last year, the number of tall buildings that are under construction has increased from 70 to 89. A total of 233 tall buildings in London have planning approval but are yet to start on site and a further 114 towers are either in planning or at pre-application stage

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.

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 are in the pipeline, a relatively small proportion are currently being delivered.

For the third year running, Tower Hamlets lives up to its name as the London borough with the majority of tall buildings surveyed – a total of 93 are proposed (either in planning or at pre-application stage). Greenwich takes second place, with 67 projects, a significant increase from the 8 schemes revealed in last year’s report. An increasing number of tall buildings are also coming forward in outer London, with 23 proposed in Barnet and 18 in Croydon.

The iconic City Cluster will see a number of new tall buildings around Leadenhall, with the proposed 1 Undershaft becoming the tallest in the City at 73 floors high, and a new design for 22 Bishopsgate.

The average height of London’s new tall buildings is approximately 30 storeys, with 60% of the tall buildings reaching between 20 and 29 storeys. Only 8 tall buildings reach 60 or more storeys. City Pride in Tower Hamlets will become the capital’s tallest residential tall building at 75 floors. The trend towards residential tall buildings continues unabated, with 73% of the proposed tall buildings designed primarily for living accommodation.

The collaboration between NLA, GL Hearn and EGi marks a more extensive look into the current tall building development in London, which has seen fierce debate both within the industry and the wider public.

Chairman of New London Architecture, Peter Murray, encourages a greater interaction between the public and the planning system, saying: “We believe that well designed tall buildings in the right place, and well-coordinated clusters, are acceptable. It is increasingly important that the planning and development community improves the way it communicates with the wider public. We continue to press for the Mayor to prepare a three-dimensional computer model of the whole of London to better assess the impact of these buildings. The 436 tall buildings in the pipeline is a significant number. However, with the much publicized softening of the housing market, it remains to be seen how quickly they are delivered.”

Image credit: ©Visualhouse and photographer Dan Lowe

 

Read more of our latest news here.

To stay on top of the latest real estate news, subscribe to Cityscape Magazine 

Connect with us on: FacebookTwitter and LinkedIn

Real Time Web Analytics