Balfour bags contract at £1bn One Nine Elms

Grant Prior 3 years ago
Share

Balfour Beatty will start work on the £1bn One Nine Elms development near Vauxhall after developer Dalian Wanda Group secured financing for the scheme.

Balfour has beaten Brookfield Multiplex to the job to deliver two luxury residential towers.

Dalian Wanda has signed a pre-construction services agreement with Balfour with a final contract set to be signed by the end of the year.

Tim Gawthorn, director at Wanda One (UK) told property website CoStar:“We are pleased to announce the arrangement of financing for One Nine Elms, which will support the successful delivery of this important mixed-use development.

“On completion, One Nine Elms will bring high quality residential apartments, a 5 star Wanda Vista hotel, world-class amenities and public spaces for the community to enjoy.

“Further to this announcement, we can confirm the PCSA agreement has been signed with Balfour Beatty, which marks another important milestone in the delivery of One Nine Elms, we are delighted to be working with Balfour Beatty on One Nine Elms and the delivery of this iconic London development.”

Dean Banks, managing director at Balfour Beatty’s UK Construction Services business said: “We are pleased to be awarded the pre-construction services agreement for One Nine Elms and to be partnering with Wanda One to get this fantastic project underway.

“This reflects the depth and breadth of experience we have in this sector and builds on the success of similar projects across London.”

The job was initially awarded to a joint venture of Interserve and China State Construction Engineering Corporation (CSCEC) but the JV walked away from the project in April.

McGee has completed demolition works on the  site and is completing groundworks.

cropped-One-Nine-Elms

McGee has cleared the site ready for main construction work to start

Latest news

Costain makes staff redundant in cost-cutting drive

Redundancy programme under way with 30 job losses confirmed
7 hours ago

Riney beats Kier to £110m Harrow highways deal

Firm will replace Kier when its term is up in April
3 hours ago

Graham in bust-up with Manchester subbies

Specialists part comapny with main contractor on residential jobs
7 hours ago

Nixon Hire orders £10m worth of JCB telehandlers

Hire giant places biggest ever machine order
1 hour ago

Crossfield restarts unfinished Liverpool Baltic Triangle job

Stockport-based Westshield to take unfinished concrete frame up to 12 storeys
14 hours ago

£24.5m Heywood link road out to bid

Link between M62 and South Heywood paves way for £400m development plan
6 hours ago

Boost your online presence – join the Enquirer Directory

New site for suppliers and buyers showcases products, services and latest stories
9 months ago

Arup names new chairman

Alan Belfield succeeds Gregory Hodkinson who steps down after five years
7 hours ago

Worker dies in fall while using concrete breaker

Formation Construction Limited fined £300,000 after fatal fall
7 hours ago

United Living reclad jobs swell 2019 orders to £25m

South London housing block cladding replacement jobs boost New Year orders
14 hours ago

Commercial and industrial activity stagnates

RICS survey warns political uncertainty now impacting workloads
14 hours ago

£150m Costain M6 smart motorway contract delayed

Site team told project start date pushed back again
1 day ago

Council to scrap £97m Orwell three bridges plan

Ipswich bridges plan to be axed as costs soar by £43m
1 day ago

Plan for 31-storey London tower near the Shard

Great Portland Estates submits New City Court 139m tall office plan
1 day ago

Police swoop on Romanian site slave labour gang

Eleven men found living in appalling conditions in north London
1 day ago

Sureserve sets aside cash for Lakehouse contracts

Former owner makes £2.5m provision as subcontractors hit by pay rows
2 days ago

B&K bags third Manchester Old Bailey office project

Work to start on Three New Bailey Office
1 day ago

Buckingham Group wins site prep for £500m energy plant

North London Heat and Power project to take 10 years to complete
1 day ago

Kier chief Haydn Mursell exits

Mursell resigns with immediate effect amid mounting shareholder pressure
2 days ago

Digger driver destroys Travelodge in pay row

Site worker goes on rampage over unpaid wages claim: Video
3 days ago

KPMG suspends Carillion’s lead auditor

Peter Meehan and three members of audit team suspended
3 days ago

Bouygues to start work on 26-storey Bristol tower

Construction to get underway this month on city centre site
2 days ago

Balfour ground engineering project boss joins Volker

Jane Towse-Laval joins Volker Ground Engineering as project director
2 days ago

£100m Clydeside build-to-rent development gets green light

Developer to pick contractor to start work in third quarter
2 days ago

Hunt starts for £25m Royal Vet College builder

Work due to start this summer on Hertfordshire campus hub
2 days ago

Sanctuary and Galliford Try JV to start fourth major scheme

Around 375 homes will be built in Leamington Spa
2 days ago

BAM bags £27m brace of Scottish healthcare projects

Work starts next month on Greenock Health Centre and Glasgow mental health campus
3 days ago

Vital Energi lands £3.8m package from Berkeley

Major M&E infrastructure deal at west London site
3 days ago

TCS to start northern apart-hotel and PRS schemes

Town Centre Securities to start Leeds and Manchester projects early this year
3 days ago

Hirer Plantforce saves over 100 Hawk jobs at Hinkley

South west hirer buys over 100 Hawk machines from administrator
4 days ago

Contractor services