LONDON Jan 14 The state of Qatar plans to
extend its London property empire with a 27-storey tower next to
the Shard, the landmark skyscraper that still has free office
space but no permanent residents one-and-a-half years after it
The new 160,000 square foot (14,860 sq metre) building,
which developer Sellar Property Group said on Tuesday will
contain shops and 150 flats, marks the latest phase in the
redevelopment of the area around London Bridge train station.
It will sit between the glass-clad Shard, funded by the
Qatari royal family and opened in a blaze of publicity in July
2012, and a smaller office block called The Place, earmarked as
the new home of media tycoon Rupert Murdoch's News Corp
It will be designed by Shard architect Renzo Piano and join
The Place and the Shard in the same parent development, the
London Bridge Quarter estate.
The proposal for the largely residential tower coincides
with a surge in London property prices
A spokesman for the estate said the 150 apartments would be
smaller than the Shard's still vacant ten apartments, which had
yet to be marketed.
Overall, 75 percent of the 2 million square feet of
commercial and residential space in the estate had been filled,
Companies that have agreed to take space in the Shard
include Qatar-based broadcaster Al Jazeera and private hospital
group Hospital Corporation of America.
The developers plan to submit the planning application for
the new tower next week.