‘Hot property’ becomes too hot

A London building caused ‘heated’ controversy last week, after being blamed for starting fires and melting nearby cars.

The Huffington Post reports that the a 37-story skyscraper under construction at 20 Fenchurch Street, locally referred to as the ‘Walkie Talkie’ due to its shape, has now been renamed the ‘Walkie Scorchie’ due to it apparently magnifying sunlight  onto nearby buildings and vehicles.

The £200m (A$340m) construction is reported to have “blistered paintwork, caused tiles to smash and singed fabric”, according to angry business owners nearby.

Motorist Martin Lindsay also claimed intense heat reflected off the building’s windows melted part of his Jaguar parked on the street outside.

Developers Land Securities and Canary Wharf have agreed to pay for repair work and have erected a large temporary screen to reduce the likelihood of further damage.

"We have liaised extensively with local businesses to keep them informed throughout. We have decided on this course of action with their input and agreement,” a company spokesperson said.

Do you have more than $120k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : harris park , coolbellup , queens park , reservoir , collingwood

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here