Nine Elms Property, a wholly owned subsidiary of leading luxury real estate developer DAMAC International, has awarded a £240 million ($310 million) contract to global contractor Multiplex for the construction of its ultra-luxury AYKON London One.
The luxury-branded residential tower is set to become a new icon on the London city skyline, and will be the first in Europe to be designed in partnership with famous Italian fashion house, Versace Home. The 50-story tower, located in one of London’s most prestigious residential addresses, will comprise of studios, one-, two- and three-bedroom apartments, complemented by premium finishings, and feature special “winter gardens” that offer panoramic views of the city.
The development will provide 450 new homes and is sited within Zone 1 at Nine Elms on the South Bank, part of a wider multi-billion pounds regeneration scheme that includes the redevelopment of Battersea Power Station as well as the location for the new U.S. Embassy. The Versace-branded tower, designed by architect Kohn Pedersen Fox Associates and valued at €645 million ($832 million), is scheduled for completion in 2020 and is already 45 percent pre-sold.
In addition to residential units, AYKON London One will comprise four stories of office space and will contain a sky bridge between the south building and north tower, which is topped by an extensive roof garden at level 24. Further residential amenities include a children’s play area, expansive indoor swimming pool, Jacuzzi, state-of-the-art gymnasium, residents’ lounge, hospitality services as well as 9,924 square feet of communal gardens.
