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Big building veto alarms City Coporation

LONDON'S MAYOR would have a veto on all new buildings over 75m high or with a floor area of more than 30,000m2 under legislation being scrutinised by the House of Lords.

The powers, included in the Greater London Authority bill, have alarmed the Corporation of London which fears they could restrict development.

The original requirement in the Bill stood at 50m or 20,000m2, but this was amended after intense lobbying by the Corporation, major occupiers and developers.

'We're considering another amendment,' said a Corporation spokesman. 'While we're glad that the uniqueness of the City has been recognised, we don't think the changes will allow us to meet the requirements of the 21st century.

These type of buildings are commonplace.

'Some 15 projects built in the Square Mile over the last three years would have been caught by the latest requirement, slowing the whole planning process down. These buildings are not strategic or big in City terms,' he claimed.

A new amendment to the bill is likely to emerge within a fortnight, according to Parliamentary sources. Although developers would like to see the limit removed completely, it is likely to pan out at 150m in height and 50,000m2 in area.

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