The Shard is getting a neighbor and Qatar is footing the bill

The Shard, Qatar, London, Renzo Piano, Residential Tower Qatar, Qatar Land Grab, Qatar-funded Skyscrapers, Urban designThere was great hullabaloo when The Shard was completed just one year ago. Not only was it financed by Qatar, but the 306 meter tower was said to have ruined the London neighborhood in which it was built. Now Renzo Piano has been commissioned to give the skyscraper a neighbor.

Sellar Property Group will once again work with investors from Qatar to bring a new project to the south of Thames River. The 27 storey residential tower will not only give The Shard company, but it will bring London an additional 150 apartments, retail facilities and a roof garden.

The property developers will revamp Fielden House – a 1970s office building on London Bridge Street, a move that will culminate in an additional 160,000 square feet of residential and commercial space for the dense urban environment.

“It is intended that this new building will ‘float’ some 14m above the enlarged public realm space on London Bridge Street, opening up new access routes between the two levels, and providing views down to Guy’s hospital, Kings College Campus and the proposed Science Gallery for the first time,” Sellar told The Guardian.

“A new generous staircase and a multi-level retail space will link the two levels, creating a new through route from the public Plaza and bus station above, to St Thomas Street below, significantly improving pedestrian circulation and quality of the public realm,” the group added.

Like Abu Dhabi via Masdar City, Qatar is increasing its international investment presence. Although it remains to be seen whether or not the London towers are sound investments.

According to The Guardian, the Shard’s 10 apartments have yet to be scooped up, nor are we surprised. They’re supposedly priced at £50 million a piece.

:: The Guardian

Image of The Shard / Shutterstock

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