Evening Republican, Volume 22, Number 215, Rensselaer, Jasper County, 5 September 1919 — London Land Values [ARTICLE]

London Land Values

Sir Alfred Mond’s supposed predilection for the skyscraper raises the questiAtL. don-land- vaJuee? —-ff-sky-" scrapers were to rear their ungainly heights tn London as in New York it would not only, says the New York Evening Post, abolish the beauty of London, but would lncrease the price of land, especially in the heart of the city, by about 50 per cent It has been argued that where building* of 30

stories'bf more are erected people can well afford to pay more for the land values than when the buildings are of the ushal London business type of five or six stories. But can anybody 1mof 30’stories In London? It would dwarf St. Paul’s and rob the house of parliament and the Abbey of their distinction. Near the Bank of England land has been sold in recent years at £75-per -square font; or £3,250,000 per acre; in the Strand £l2 to £2O per square foot is near the figure, while further west, in Bond

street, for example, £35 per square foot is the ruling price. The present value of the whole of the land in London is about 500 millions; add 50 per cent and the Jumpw by leaps and bounds.