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Damac company awards $308m London tower deal to Multiplex

Multiplex will build Nine Elms Property's 50-storey Aykon London One tower, worth $758m

Aykon Nine Elms is due for completion in 2020.
Aykon Nine Elms is due for completion in 2020.

Nine Elms Property has awarded a $307.8m (GBP240m) construction contract for its 50-floor Aykon London One tower to Multiplex. 

The real estate company is a wholly owned subsidiary of Dubai's Damac International. 

Designed by Kohn Pedersen Fox Associates, the project is valued at $758m (EUR645m). 

READ: Damac announces re-branding of UK Aykon Nine Elms

READ: Details of Damac's London Nine Elms JV

Completion is scheduled for 2020, with 45% of the project pre-sold, the company said in a statement. 

Aykon London One comprises 450 residential units, in addition to office space, a roof garden, and residential amenities.  

Remarking on the contract award, Hussain Sajwani, chairman of Damac, said: "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."

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