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Lendlease to build £200m Nine Elms Versace tower

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Lendlease is the preferred contractor to build another luxury development in the Nine Elms area under a deal worth £200m

Officially known as Aykon London One, but nicknamed the Jenga Tower, the skyscraper in Vauxhall will include 450 luxury apartments with interiors designed in partnership with Versace Home. The total investment in the scheme, which will become one of the capital’s tallest residential buildings, exceeds £645 million.

The appointment, which paves the way for construction to start on the project at 63-71 Bondway, close to St George Wharf, has come despite fears that some schemes might be be pulled following the UK’s decision to leave the EU. 

Neil Martin, Lendlease’s managing director of construction (Europe) said: ‘Our strategy of taking a selective approach to bidding is paying off, and is allowing us to focus on prestigious projects such as this one.’

The tower was approved by planners two years ago amid controversy when Eric Pickles, communities secretary at the time, dismissed concerns from Historic England that the building would negatively impact views of Parliament and declined to call it in. The scheme is expected to complete in 2020.

Previous proposals for a 42-storey tower on the site by Make were thrown out in 2011. 

Nine Elms Property is the UK subsidiary of Dubai developer Damac International.


Last month it was announced that a £900 million skyscraper proposal by KPF for the nearby One Nine Elms Lane site, featuring a pair of towers 58 and 42 storeys-high, had secured development finance. The developer, Dalian Wanda, has signed a pre-construction services agreement with Balfour Beatty to act as the main contractor for the scheme. 


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