Wanda One understood to have gone back to the market on 拢900m scheme

one nine elms

Balfour Beatty and Brookfield Multiplex are in the running to replace an Interserve and Chinese contractor joint venture on Dalian Wanda鈥檚 拢900m One Nine Elms double tower scheme.

A source close to the project, expected to cost between 拢700m and 拢900m, said the Interserve and China State Construction Engineering Corporation (CSCEC) joint venture had not finalised the deal to build the project and now Balfour Beatty and Brookfield Multiplex were tendering for the job. It is not thought bidders will be expected to partner with a Chinese contractor.

Balfour Beatty is already working on One Nine Elms doing the substructure work, according to the source, while Brookfield Multiplex is working on a Dalian Wanda development on Australia鈥檚 Gold Coast.

One Nine Elms comprises a pair of towers at 45 and 60 storeys in height, incorporating 439 homes and a five-star hotel. The wider Nine Elms area will also become the new home of the US Embassy.

Dalian Wanda - which trades as Wanda One in the UK - picked the Interserve joint venture to deliver its KPF-designed scheme last April. But after slow progress on the scheme it began considering hiring another contractor.

The joint venture - trading as CI-ONE - surprised the market when it pipped rival shortlisted bidders Mace and a separate CSCEC joint venture with Atkins for the job. Dalian Wanda鈥檚 UK development director Peter Amato left a month later, in a move 黑洞社区 revealed was understood partly to be prompted by the decision not to pick Mace for the job.

Last November, Mace chairman Stephen Pycroft went public with his disappointment when he told the 黑洞社区 Live show: 鈥淚 was a bit annoyed to say the least that we lost One Nine Elms to China State and Interserve.鈥

Wanda One and Brookfield Multiplex declined to comment. Interserve said it will issue a statement shortly. Balfour Beatty has been contacted for comment.