Ruth Bloomfield

Who wants to live in the Square Mile?

The City of London's bear property market

  • From Spectator Life

Mixing business with pleasure can be risky business. For decades the City of London has upheld this doctrine, religiously prioritising office space over new homes to preserve its reputation as a global financial centre.

In his 29-year tenure as the City of London’s planning chief, Peter Rees famously allowed only one new residential tower to be built in the Square Mile: The Heron, a 285-apartment building which was completed in 2013.

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