One Nine Elms tower deal falls apart

Not sure whether this will put a spanner in the works, one may suspect it will just prolong the time we have to put up with huge lorries taking up the roads and residents of St George Wharf being disturbed by noise.

City AM (Kasmira Jefford) reports that a scheme to build £1bn twin luxury residential-led towers in London’s Nine Elms has been set back after the collapse of a construction deal with one of the contractors. CI-One Construction, Interserve’s joint venture with China State Construction Engineering Corporation, said it has ‘mutually agreed to end negotiations’ with Dalian Wanda over its appointment as main contractor at One Nine Elms. Dalian Wanda bought the Market Towers site in Vauxhall in 2013, its first property deal outside China. The planned development features two skyscrapers of 45 and 57 storeys comprising 436 flats and a five star hotel.

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