Lon­don sky­scraper plan ap­proved

Arab News - - BUSINESS -

LON­DON: Plans to build a 73-story sky­scraper that would be the tallest in the City of Lon­don fi­nan­cial dis­trict have been ap­proved by the lo­cal au­thor­ity.

Of­fi­cially called 1 Un­der­shaft, the new tower will rise al­most 305 me­ters above sea level, mak­ing it the sec­ond-tallest build­ing in Western Europe af­ter The Shard, which is also lo­cated in Lon­don, just across the River Thames from the City.

“This de­vel­op­ment shows the high levels of in­vestor con­fi­dence in Lon­don’s sta­tus as a global city,” said Chris Hayward, chair­man of the City of Lon­don Cor­po­ra­tion’s plan­ning com­mit­tee.

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