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Structural Warranty for Ambitious London Developers

London seems to be perpetually rebuilding and reconstructing itself. On the surface, this flurry of activity is not surprising: recent reports have alleged that London will soon beat its 1939 population peak and as a result, skyscrapers of various size have been springing up all over the capital.

In 2015 over 230 towers were approved for construction in the city, suggesting enough development activity to support the ongoing population growth.

Some examples of London’s modern new construction sites include:

  • One Blackfriars: This magnificent structure at One Blackfriars is situated in Central London and expected to make a large an impact as the Shard. The 163-metre building will boast some of the best views in the capital and add beauty and elegance to an otherwise mundane section of Blackfriars Road.
  • The Scalpel Tower: It was assumed that skyscraper construction in the city would slow down after the Walkie Talkie, Gherkin and Cheesegrater towers were done, but the sky-high surge is still strong! 52-54 Lime Street, a.k.a. ‘The Scalpel’, was designed to offset the Cheesegrater by joining that building in lurking behind St. Paul’s Cathedral in a scissor-like effect
  • Newfoundland Tower: Canary Wharf became the place to watch in 2015 as it shook off its previous image as a colourless corporate haven and reinvented itself as a residential location for families. Once complete, it will be one of the tallest structures in the Wharf area.
  • Baltimore Tower: Arguably the first building in Canary Wharf with an active curve to it, this tower is the most recent in a line of residential towers that are slowly changing the area’s image as a stodgy and lifeless office site.
  • Wood Wharf: The Wood Wharf contains an amazing 30 buildings in its development and will doubtlessly expand the growing Canary Wharf estate. This circular building by Herzog and De Meuron has been hailed as the development centre piece.
  • One Nine Elms: This magnificent structure is the crown jewel of the regeneration efforts in the area of Nine Elms. It unites a heavily industrialised section on the outskirts of Central London with the overall urban makeover of the city proper. The Vauxhall market twin towers have been replaced with new towers the same size.

Structural Defects Insurance

Last year also marked a serious of fringe developments in the city, bridging the gap between the city proper and soulless areas marked by heavy industry. It all points to one objective: the importance of structural warranty for London developers.

These warranties act as insurance policies to protect against defects in new construction, usually for 10 years after the project has been completed. Coverage varies from provider to provider but generally includes:

  • Defect insurance that protect against issues such as non-compliance with the warranty provider’s specifications during the first two years of the cover period.
  • Structural insurance that protects the building owners if structural issues arise after the defects period expires.
  • The cost of removing contamination from the building plot
  • Cover for building control costs e.g. the price of correcting matters if the structure is not built in compliance with Building Regulations.

With activity levels at such an ambitious high, it makes sense to have the most solid structural protection available. That way the results will be built to stand the test of time and even beyond.

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