Balfour Beatty has secured a pre-construction services agreement with Wanda One to construct two luxury residential towers near Vauxhall, London.
The award follows the securing of financing by the Dalian Wanda Group for the £1bn One Nine Elms project — designed by Kohn Pedersen Fox.
Balfour Beatty and Wanda One are now working together to agree on the final contract details, to be awarded by the end of the year.
Balfour Beatty’s UK construction services business managing director Dean Banks said: “We are pleased to be awarded the pre-construction services agreement for One Nine Elms and to be partnering with Wanda 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 project was firstly awarded to the Interserve and China State Construction Engineering Corporation (CSCEC) joint venture, which abandoned it in April.
