Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

London Shard Developer Plans to Build Apartment Tower Nearby

Don't Miss Out —
Follow us on:
The Shard Skyscraper Stands in London
Lights illuminate the windows of skyscrapers and buildings, including the Shard, Tower Bridge, and the Tower of London, as they stand on the banks of the River Thames in this aerial photograph taken over the City of London. Photographer: Matthew Lloyd/Bloomberg

Jan. 14 (Bloomberg) -- Sellar Property Group plans to build a 27-story residential tower near its Shard skyscraper on the south bank of the River Thames in London.

Fielden House, a 1970s office building on London Bridge Street, will be converted into about 150 apartments, Sellar said today in an e-mailed statement. Like the Shard, western Europe’s tallest skyscraper, the project will be developed in a partnership with the state of Qatar.

London’s luxury homes outperformed other types of U.K. real estate over the last four years as investors sought safe assets. Developers plan to build more than 20,000 high-end properties in London during the next decade, even as price gains slow, EC Harris LLP said on Nov. 25.

The apartment building, across the river from the City of London financial district, will be designed by Shard architect Renzo Piano, according to the statement. The residences will have a total of 160,000 square feet (14,900 square meters) of space, Sellar said. The building will also include retail space.

Sellar and Qatar have redeveloped several sites near the Shard including the Place office building. News Corp. in July agreed to move all of its London businesses into the Place.

To contact the reporter on this story: Patrick Gower in London at pgower@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.