It’s official: the top tower in London (and it’s not just about height)
The Shard is the most valuable skyscraper in the UK, valued at £1.5bn.
This is followed by the HSBC Tower in Canary Wharf, at £990m, and comes from a survey of more than 600,000 buildings across the country.
GeoPhy, a big data company which carried out the research, also found that the Qatar-based entities currently own 34pc of the top 15 most expensive skyscrapers in London – more than the proportion owned by all UK companies, at less than 21pc.
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It also calculated that foreign ownership of the current top 15 most valuable towers was non-existent until 2005, when 32pc was owned by non-UK entities. This ratio steadily increased until the current amount.
Towers higher than st pauls – list of 30 – 15 that had the highest value.
- The Shard – £1.49bn
- HSBC Tower – £990m
- Citigroup Tower – £971m
- One Canada Square – £935m
- Walkie Talkie – £897m
- Leadenhall Building – £843m
- Citypoint – £777m
- 1 Churchill Place – £700m
- The Gherkin – £619m
- Heron Tower – £554m
- Broadgate Tower – £476m
- Willis Building – £475m
- 25 Churchill Place – £381m
- Tower 42 – £379m
- Euston Tower – £228m
GeoPhy, a Dutch company, is hoping to disrupt the UK’s opaque commercial real estate market, by using algorithms to value property even if it has never been on the market.
It uses an algorithm which takes into account data sets to do with location, reliability and proximity to public transport, the local environment, whether there are nearby shops, vacancy rates, and the condition of the building .
This score, plus rent, the size of the building, as well as a yield which the company calculates according to risk perception, are put together to come up with an estimate for the value, which the company claims is accurate within 5pc.