Chinese JV with Interserve wins £900m deal
Developer Dalian Wanda Group has awarded the main contract at the £900m One Nine Elms site to CI-ONE.
CI-ONE is a joint venture between Interserve and China State Construction Engineering Corporation (CSCEC).
CSCEC is the largest construction group in China.
Wanda said it “believes that the combination of two of the world’s leading contractors for the construction of One Nine Elms will leverage both Interserve and CSCEC’s core capabilities, by using local subcontractor resources, human resources, site management and a global supply chain.
“The ground-breaking joint venture demonstrates Wanda’s commitment to delivering a world-class development of the highest possible specification.”
One Nine Elms is due for completion in late 2018.
Grant Prior | Fri 10th April | Construction Enquirer