3rd Jun 2015 06:24
LONDON (Alliance News) - Interserve PLC on Wednesday said its CI-ONE Construction joint venture with China State Construction Engineering Corp has been named as the preferred bidder by Chinese property developer Dalian Wanda for the GBP550 million One Nine Elms scheme in Battersea in south London.
The pair will handle the construction of the project, which will comprise high-end residential, hotel and retail space, including a new embassy for the US, the regeneration of Battersea Power Station and a new business district.
Interserve said it expects the work on the project to create around 800 new jobs.
"We look forward to working with Wanda and CSCEC and putting our expertise to use on this prestigious development, one of the largest and most exciting urban regeneration projects in Europe," said Interserve Chief Executive Adrian Ringrose.
By Sam Unsted; [email protected]; @SamUAtAlliance
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