Multiplex is set to build the luxury Aykon London One tower in Nine Elms, replacing Lendlease as main contractor, CN can reveal.
Lendlease entered into a preconstruction services agreement for the 50-storey tower in August 2016 but has failed to agree commercial terms with client Nine Elms Property, a wholly owned subsidiary of Dubai-based property developer Damac International.
Damac told Construction News that it had agreed with Lendlease “by mutual consent not to proceed with a formal construction agreement for the Aykon London One project”.
It added: “We are currently in discussions with another main contractor and will disclose details once an agreement is formalised.”
Construction News understands that Multiplex is the contractor in line to take over the £200m contract.
The tower is being designed in conjunction with Versace, which is overseeing the interior design of the luxury apartments.
It is also been dubbed the ‘Jenga’ tower due its unusual stepped design.
The scheme’s total development value is £645m, with the tower construction contract worth £200m.
It will provide 450 new homes, including an allocation of affordable housing, along with office and retail space across two towers.
A smaller tower will sit next to the 50-storey one and be linked by a habitable sky bridge and roof garden.
Multiplex declined to comment. Lendlease has been contacted for comment.