Property News · May 25, 2016

Politicians condemn 60% foreign ownership of London skyscraper


John Prescott, who approved UK’s tallest residential building, speaks out after Guardian reveals a quarter of flats in it are held by offshore firmsThe former Labour deputy prime minister John Prescott has attacked the buy-up of almost two-thirds of the UK’s tallest residential building by foreign investors as deplorable.Lord Prescott was joined by a senior Conservative, London’s mayoral leadership and Labour’s front bench in voicing serious concerns about the Tower, after the Guardian revealed that the 50-storey block of 214 luxury apartments by the river Thames at Vauxhall was more than 60% owned by foreign buyers. Continue reading…

Source : theguardian.com
Read more…Politicians condemn 60% foreign ownership of London skyscraper

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