Award winning Irish developer the Glenkerrin Group has obtained final approval from London Lord Mayor Boris Johnson for planning permission for a major residential and commercial site in the heart of Canary Wharf. Glenkerrin are delighted that they have received the go ahead for this landmark £600m development which has been designed by renowned architects Foster + Partners. The development will feature the tallest residential building in Europe.

The development comprises of two adjacent sites – Island Point and City Pride. Glenkerrin's vision is to create a world class 62 storey tower which will comprise of 430 residential units, and a 220 bedroom 5* star hotel, conference facilities, signature restaurant, fine dining, cafes, spa zone, pool and four levels of top end amenities.

The Greater London Authority added its approval to that of the local authority stating that the applications are consistent with London Plan Policy and concluded ' the principle of the redevelopment of both sites Island Point and City pride to provide residential led developments is in the interest of good strategic planning in London’.

JP Morgan is set to move its European headquarters to Canary Wharf after Songbird Estates, the majority owner of the London Business district, signed a deal with the US bank of £237m for the privilege. JP Morgan will move into a new 1.9m sq ft development which would make it the largest tenant at the Riverside South site adjacent to the City Pride site.

Crossrail, London's first new major railway in a generation was launched in May of this year by the Mayor of London Borris Johnson and the Prime Minister Gordon Brown.

The renamed Canary Wharf station will be the first Crossrail station to be constructed, and includes plans for 100,000 square feet of retail space and a roof-top park. Crossrail services will begin operating from 2017 cutting journey times across London allowing travel from Canary Wharf to Liverpool Street in 7 minutes, Paddington in 17 minutes and Heathrow in 44 minutes.

The new railway will bring 1.5 million people within 60 minutes' commute of London's major business districts with over 200 million passengers expected to use the railway in its first year of operation.

Glenkerrin will be bringing its own quality brand to London and creating an exclusive development in the heart of Canary Wharf. City Pride will become one of London's premier and most iconic residential developments. This will be a unique opportunity to purchase a premier home in the heart of Canary Wharf.