The name of Europe's largest ferris wheel is the London Eye. The London Eye is a cantilevered observation wheel located on the South Bank of the River Thames in London, England. It is also one of the tallest ferris wheels in the world, standing at a height of 443 feet (135 meters). The wheel has 32 capsules that each hold up to 25 people, and it takes approximately 30 minutes to complete one full rotation.