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LAI SUN WINS APPROVAL TO BUILD CITY OF LONDON’S THIRD-TALLEST TOWER

LAI SUN WINS APPROVAL TO BUILD CITY OF LONDON’S THIRD-TALLEST TOWER

Hong Kong’s Lai Sun Group has won approval to develop a 56-storey office tower on London’s Leadenhall Street, after tycoon Peter Lam’s textiles-to-property group had purchased a pair of existing properties on the same block as London’s Gherkin office tower in 2014 and 2015.

Hong Kong-listed Lai Sun Garment (International) Limited and Lai Sun Development jointly announced to the stock exchange last week that they had been given planning consent by London authorities to redevelop their pair of properties in the City of London into 263 metre-tall tower, which has already been dubbed “The Diamond” is set to join the growing cluster of skyscrapers in the City of London and will be the financial district’s third-tallest building when completed.

Lai Sun’s new Skidmore, Owings & Merrill-designed tower will add 102,000 square metres of office space to a growing cluster of skyscrapers in London’s traditional business district, and marks the latest major financial commitment by a Chinese investor to the British capital’s office market.

By Courtesy of Mingtiandi

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