Global contractor Multiplex has secured a £240m deal to construct Nine Elms Property’s AYKON London One residential tower.

Nine Elms Property is a wholly owned subsidiary of real estate developer Damac International.

Set to be designed in partnership with Italian fashion house Versace Home, the €645m 50-storey tower will comprise studios, as well as one, two and three bedroom apartments.

Damac International chairman Hussain Sajwani said: “AYKON London One is our premiere international development outside of the Middle East and a landmark project for the UK’s capital.

“Based on its 50-year track record and expertise in the construction industry, we are delighted to appoint Multiplex as the main contractor to build this iconic residential project, which will be the first-of-its-kind in London.”

"AYKON London One is our premiere international development outside of the Middle East and a landmark project for the UK’s capital."

The development, which will offer 450 new homes, is sited within Zone 1 at Nine Elms on the South Bank.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Designed by architect Kohn Pedersen Fox Associates, the Versace-branded tower is scheduled for completion in 2020.

As well as a roof garden at level 24, AYKON London One will have four storeys of office space and a sky bridge between the south building and north tower.

The tower will offer other amenities such as a children’s play area, indoor swimming pool, Jacuzzi, gymnasium, residents lounge, hospitality services, and 9,924ft² of communal gardens.