The Mayor said: 'Well-designed tall buildings can add to London's skyline and become new landmarks for the capital. Architectural quality is the key. Office space is at a premium in the City and as a result costs are soaring. If this continues there is a real danger that London will lose business to other European cities.'
But he said such large-scale development could only be viable if there was more investment in public transport, for instance through the Crossrail scheme, to serve the areas where the new towers would be clustered.
Over the last 20 years, the biggest constraint on the construction of tall buildings has been the need to protect views of historic buildings, especially St Paul's Cathedral. Livingstone proposed that this policy should be reviewed, to protect only the views that are of real value.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
