Europe's tallest residential building to be built in Canary Wharf Tom Ryan, the Irish property developer, is planning to spend £1bn on the 74-storey tower, which will be seven metres taller than One Canada Square, the tallest Canary Wharf building at present, and only 64m short of The Shard. There will be space for 714 apartments covering more than half a million square feet, Richard Berridge, chief operating officer of Ryan Corporation UK, told the FT. Londoners are used to office buildings going up and coming down every 20 years or so," Mr Berridge said in a statement. "This doesn't happen with residential towers" as they need to be "more enduring," he said. The acquisition is the first in what sources say will be a series of UK property investments by Mr Ryan, the FT reports. Berkeley Group Holdings Plc (BKG) "s tower at One St. George Wharf is currently the U.K."s tallest residential tower at 181 meters, according to Knight Frank. While apartments in London's Shard skyscraper are higher, the building consists mainly of offices, a hotel and restaurants.