Spire London to become Europe's tallest residential tower after £800m Chinese investment

A Chinese firm is to construct Europe's tallest residential building in London's Canary Wharf, with sales of apartments in the £800m tower set to begin in October.

Greenland Group are developing the project in the capital, and it is said to comprise 67 storeys and 861 apartments. The tower will feature a number of amenities such as spas, swimming pools, gyms and cinema rooms.

The tower is rumoured to have a so-called "poor door", in which tenants at the lower end of the price scale will enter the building from a different point to those on the super-rich higher flats.

UK managing director of Greenland Group, Wenhao Qian, has dismissed concerns that London's luxury property market has peaked.

"This important launch reflects the confidence that Greenland Group continues to have in both the London economy and the London property market," Qian said.

"We believe that there is always a demand for 'best in class' property assets that offer a high quality, bespoke, designed and unique product in a prime location. In our view Spire London fulfils these criteria, and we believe there will be significant demand for the apartments within this tower from both the UK and overseas."

Construction of the tower has already begun, and is scheduled to be completed by 2020.