Following a £700 million deal signed on 19 June 2013 in Beijing by the Chinese developer Dalian Wanda Group, London will be home to the 60-storey City Tower, which at 670 foot will become Western Europe’s tallest residential building by the time it is finished in 2017. Located in Vauxhall, the building will be part of the Nine Elms regeneration area, one of the biggest urban redevelopment projects in the world that also includes a new building for the US Embassy and the £8 billion Battersea Power Station scheme.
The tower will include 267 private apartments on the top floors (ranging from studios to penthouses) and 51 affordable homes at the base. Residents will be able to make use of a communal pool and a gym on the 27th floor, whereas the top floor has been earmarked for a public area that may include a café and bar. Plans for adjacent buildings include a 45-storey residential block called the River Tower, a five-star hotel and offices.