Boris approves Isle of Dogs skyscraper
- 13th October 2009
- Buy-To-Let Property News
Mayor of London gives go-ahead for 63-storey complex, despite permission being refused by local council.
New planning powers give Boris Johnson the right to over-ride the decision by council Tower Hamlets, as Johnson claims the building would support further rejuvenation in London's East End.
The tower itself would include 192 hotel rooms, over 74 apartments, and significantly large retail space.
As part of the deal, the developer is said to be contributing £2m to the improvement of the local area. There will also be a £4m donation to Crossrail, and £1m to affordable housing in the area.
This could be good news for existing landlords and homeowners in the area as property prices are likely to be affected.
Boris Johnson commented: "I have now had the chance to consider the Columbus Tower application in great detail and, more importantly, had the opportunity to listen carefully, and in person, to the arguments for and against this proposal.
"I am satisfied that all the major concerns have been addressed and I believe the application will not only strengthen the success story of the Isle of Dogs, but will be hugely beneficial to the whole of London."
This will be hugely beneficial to the whole of London.
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