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£300m plan for 34-floor Wharf tower

A FOURTH office tower has been earmarked for construction at Canary Wharf in London's Docklands.

Irish property group Ballymore is behind the latest scheme which is likely to cost between £300 million and £400 million to build.

The company has submitted plans to Tower Hamlets Council to build the 34-storey tower at 1 Millharbour. Retail outlets have also been proposed.

Tower Hamlets confirmed it had received a planning application for the site. A spokesman said: 'A decision is expected early next year.'

Ray Hardy, the managing director of commercial property at Ballymore, said it would use its own in-house contractor as main contractor, subcontracting the specialist packages of work.

He added that the company had been talking to steelwork contractors including O'Rourke and Cleveland Bridge.