NZ

Can firms deliver London’s skyline ambitions?

There are more than 500 tall buildings currently in London’s construction pipeline. But against the backdrop of widespread skills shortages and the complications of Brexit, building them is presenting fresh challenges for the industry.

Construction has already begun on a cluster of skyscrapers more than 20 storeys high that will transform the city over the next decade. Two of Europe’s tallest residential towers will be the 233-metre Landmark Pinnacle on the Isle of Dogs and the 235-metre Spire London, also in Canary Wharf. The skills gap is driving up wages, which is tightening businesses already battling higher material costs. These factors along with the uncertainty of Brexit is threatening the Governments plan to build hundreds and thousands of homes annually.

“Skills shortages are skyrocketing, and it begs the question: who will build the new homes and infrastructure projects the Government is crying out for?” said Brian Berry, chief executive of the FMB.