Chinese Greenland Group announced that it will build the tallest tower of Western Europe -named The Spire London- with 241-meter and 67-story in London.The 800-million-pound ($1.06 billion) development is composed of 861 apartments which includes 96 affordable homes.

The Spire London is in an outstanding location within a few minutes’ walk of the new Canary Wharf Crossrail station and the Canary Wharf retail malls, which feature more than 200 shops, bars and restaurants.The development is designed by HoK architects Larry Malcic and Christopher Colosimo.

Zhang Yuliang, chairman and president of Greenland Group, said The Spire London is going to become an unique part of the landscape in London.

Zhang said the project is Greenland Group’s most important in Europe so far, and it will provide good quality new housing resources to London residents.

“This important launch reflects the confidence that Greenland Group continues to have in both the London economy and the London property market,” said Wenhao Qian,managing director of Greenland (UK) Investment.

Construction works will start in January,2017 and will be completed in 2020.