An artist's impression of Spire London tower. [Photo: Greenland Group]

China's biggest private property company Greenland Group is to build Europe's tallest residential tower, the 67-story Spire London in London Docklands, according to the Guardian Newspaper.

The 800 million pound (1.06 billion US dollars) tower will reach 241 meters in height and will have 861 apartments, ranging from 595,000 pounds (789,862 US dollars) to three million pounds (four million US dollars). Greenland Group is developing four of the 10 tallest buildings in the world, and said the tower is scheduled to reach its halfway point in height during the summer of 2018, with completion expected by 2020.

The UK managing director of Greenland Group, Wenhao Qian, told the Guardian the venture was a major confidence boost for London's post-Brexit property market.

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