Investment giant cleared to build £500m super tower

Irish/UK investment and development giant Green Property has been cleared for a joint £500m (€622m) Vauxhall, London borough development, which at 58 storeys will include Western Europe’s tallest residential tower.

The British government this week announced that, as part of a drive to stimulate construction activity, the mixed-used scheme will not go to public planning inquiry.

Chancellor George Osborne has confirmed a major deregulation of planning laws to boost the construction industry.