Shanghai-based developer Greenland Group has submitted plans for a 67-storey residential tower in east London’s Docklands financial centre.
As well as providing 869 new homes, the Hertsmere House project would be one of the largest new-build schemes so far undertaken by a Chinese property company in the UK.
Setareh Neshati, Greenland’s senior planning manager, said: "A graceful new tower will complement the Canary Wharf skyline including enhancements to the public realm, an amenity pavilion, roof terraces, public open spaces, children’s play areas and shops for local people.
"If permitted, this will be one of Greenland’s most significant developments in Europe and will further strengthen our presence in London."
If the plans are approved by Tower Hamlets council, the 241m building would be the tallest residential building in western Europe – only the 301m Capital City Tower and 264m Triumph Palace in Moscow are higher.
The site received planning permission for a tall building from the Mayor of London in 2009. Greenland bought the land in March last year after a previous deal with Ryan Corporation, an Irish property firm, fell through.
The architect for the scheme is HOK. WSP Parsons Brinckerhoff is the structural engineer, Aecom is the project manager and Gillespies is the landscape architect.
Greenland Group, which is partly owned by the Chinese government and is listed on the Hong Kong stock exchange, was ranked 483 in the 2012 Fortune Global 500 list.
It is the largest developer in China, with 600 million square feet of projects under way in 65 cities.
Outside its home market it has live building project in South Korea, Thailand, Australia, Singapore, Canada, the US and the UK.
The group is looking to become one of the world’s 100 largest companies by 2020.
