Churchill Place tower to be eco-friendly
After securing a £190 million development loan from a number of leading banks, the last tower in the Canary Wharf estate looks to be one of the most energy efficient yet.
That’s according to Construction Enquirer, who note that elevators that “store and reuse energy elsewhere in the building”, modern air-conditioning equipment and photo voltaic cells to generate energy from the sun’s rays.
Boosting the energy efficient nature of the tower
However, Canary Wharf Contractors may want to consider additional eco-measures, such as internal wall cladding, in order to boost the energy efficient nature of the tower.
Currently the building, which is set to be completed in 2014 according to PropertyEU, is expected to achieve an Energy Performance Certificate Rating of 40 or better. In addition, the creation of the building will provide gainful employment for around 1,000 hopefuls in the construction trade.
Still possible to raise significant construction funding
Canary Wharf managing director of finance Peter Anderson commented on the tower build:
“We are delighted to have concluded this facility in the current difficult financial market.
“It shows that with a good consortium of lenders and the right project it is still possible to raise significant construction funding. We can now start construction in early 2012 knowing we have secured all necessary finance,” he added.