Days after the estate agency firm Savills warned that
developers in London were focusing on high-end properties when the biggest need
was for affordable homes, it has emerged that a developer is planning to build
a 74-storey, 714-apartment skyscraper alongside the Canary Wharf tower in
London's Docklands. It will result in
hundreds of apartments being created and price tags in excess of £10m. Social
housing campaigners and local MPs reacted with dismay to the news of another
prime development in one of the UK's most deprived boroughs. Tower Hamlets, the
council in which Docklands is situated, has a declared policy that at least 35%
of any housing development has be affordable if built on the same site – or 50%
if the "affordable" portion is built elsewhere. Read more on the Guardian website.
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