Hammerson Plc and Ballymore Properties Ltd. plan to seek permission to build homes, stores and offices on a 10.5-acre (4.2-hectare) site near London’s Old Street Roundabout technology hub within 12 months.
Canary Wharf Group Plc won local- government approval to build a London tower as high as 190 meters (620 feet) that it redesigned after the financial crisis to exclude the large trading floors typically used by banks.
In the shadows of some of London’s tallest skyscrapers and richest banks lurks a disease borne of the poverty and squalor usually associated with the Victorian era rather than a 21st-century financial capital.
Five thousand meters from London’s gleaming, white-spoked Olympic Stadium -- a 3.1-mile distance that games organizer and gold medalist Sebastian Coe once ran in 14 minutes and 6 seconds -- Christine Lyons has ferreted out a modern-day scene evocative of Victorian England.
British Land Co., the U.K.’s second- largest real estate investment trust, won approval to develop offices in a central London area that’s the hub of the country’s emerging high-tech industry, a person with knowledge of the matter said.