CI-ONE, a joint venture between Interserve and China State Construction Engineering Corporation (CSCEC), has been named as the main contractor for the One Nine Elms project.
One Nine Elms is the first project outside of China to be developed by the vastly wealthy Chinese real estate group Dalian Wanda.
After more than a year of preparatory works, including demolition work by specialist contractor McGee, main construction work will start soon.
Interserve’s partner, CSCEC, is the largest construction group in China.
Wanda One UK said that it expects to leverage both Interserve and CSCEC’s core capabilities, by using local subcontractor resources, human resources, site management and a global supply chain. The ground-breaking joint venture demonstrates Wanda’s commitment to delivering a world-class development of the highest possible specification.
The £900m One Nine Elms tower will be a 56-storey apartment block at eastern end of the Vauxhall Nine Elms Battersea development area. It is one of Western Europe’s tallest residential projects and is scheduled for completion in late 2018.