Rayner urged to resolve ‘unwelcome’ Tower of London heritage row

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Angela Rayner has been urged to intervene (Stefan Rousseau/PA Wire) Angela Rayner has been urged to resolve an “unwelcome” heritage row which could place curbs on skyscrapers in the Square Mile to ...

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The already-approved City Plan had “carefully balanced the need for economic growth with protecting [the City’s] herita","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPA":"科帕控股","LU1236620750.USD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (USD) INC","BK4008":"航空公司","BK4500":"航空公司","LU1236620834.HKD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (HKD) INC"},"translate_title":"雷纳敦促解决“不受欢迎”的伦敦塔遗产街问题","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPA":1},"content_text":"Angela Rayner has been urged to intervene (Stefan Rousseau/PA Wire) Angela Rayner has been urged to resolve an “unwelcome” heritage row which could place curbs on skyscrapers in the Square Mile to protect views of the Tower of London.The housing secretary has been told that the planning dispute, which was revived by a housing minister in June, risks stalling critical investment in office space in the City. The City Property Association (CPA), which represents nearly 200 of the Square Mile’s biggest property developers, has written to Rayner to warn that the skyscrapers which could be blocked by the heritage row are “critical economic infrastructure”. \n\n“For businesses and investors, certainty matters. At a time when growth is rightly a national priority, prolonged uncertainty risks slowing investment decisions and business expansion,” the letter to the housing secretary, seen by City AM, said.The dispute over the Tower of London was kicked off this summer when housing minister Matthew Pennycook asked the planning inspectorate to begin a new review of the City Plan, which sets the direction of property development in the Square Mile until 2040.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe City Plan had already been approved but heritage body Historic England had raised concerns that the proposal would allow skyscrapers to be built on the east of the City which could block views of the Tower, threatening its status as a Unesco World Heritage site.The City of London has warned the curbs on skyscrapers could shave £1.2bn from the economy every yearThe City of London Corporation has already warned that Historic England’s alternative plan could threaten plans for 20 skyscrapers in the area by making the top floors – which enable developers to make a profit on their projects – unviable. \n\nThis could cost 1m square foot of office space, 6,800 jobs and £1.2bn in economic output every year, a City planning boss has warned.Minister accused of meddlingThe CPA told Rayner that Pennycook’s decision to revive the dispute was an “unwelcome delay”. The already-approved City Plan had “carefully balanced the need for economic growth with protecting [the City’s] heritage,” the body said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}