Record number of resi units under construction in London as market ‘goes ballistic’

It's been a big day for Chinese conglomerate Dalian Wanda Group, announcing plans to develop a blockbusting resi tower on the South Bank as part of a £1bn UK investment programme.

After four years of very little action to speak of, it's all kicking off in London's Docklands after a flurry of "game-changing" resi land deals.

20,158 prime resi units (over £1,250 psf) could be delivered in London over the next ten years, with project activity peaking in 2017 and a combined sales value of over £50bn, according to the latest…