A new 30-floor mixed-use tower is to be built next to the financial district of Canary Wharf, in east London.
The development is backed by British developer Rockwell Property and will be built by John Sisk & Son.
When completed, the tower named Quay House in Westferry, Tower Hamlets borough, will comprise 400 hotel rooms and 66 residential apartments, including a restaurant and café, a gym and a landscaped park.
Construction is slated to begin in autumn this year.
The scheme will generate €192 mln for the local economy during development and will deliver 259 jobs in the hospitality and leisure sectors when it opens, Rockwell claims.
Welcoming the appointment of John Sisk & Son to the project, Donal Mulryan, founder of Rockwell, said: ‘We are delighted to confirm John Sisk & Son for the construction of this landmark development in Canary Wharf.
'Their track record and experience will help us to deliver this significant mixed use scheme which will bring new jobs and businesses to the local area, in addition to much needed homes for the local community.’
Ajaz Shafi, regional managing director at John Sisk & Son, said: ‘We are delighted to have been appointed by Rockwell to deliver this important landmark scheme in the heart of East London.’