An important point in the new wave of development which is starting to come through in the City is that it will mean a further improvement in the quality of the structures. The obvious point is that an increasing number of tall buildings are about to start construction to add to the two that are already under way, the Heron Tower on Bishopsgate and the Shard at London Bridge and soon the Walkie Talkie building. The joint venture of Land Securities and the Canary Wharf Group will be funded by sovereign wealth funds from Qatar and China together with Morgan Stanley, all shareholders in Songbird which is the parent company of Canary Wharf, the 150 metres high Walkie Talkie building of 64,101 sq.metres (690,000 sq.ft.) will start construction in early 2011 onn Fenchurch Street and has a development value of Â£500 million.
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