Aykon London One Tower, a new residential tower designed by Kohn Pedersen Fox Associates, is set to rise 50-stories above London and offer 450 total residential units.
The project, which marks the first international development outside of the Middle East for Damac Properties, has a total development value of $844 million. $264 million of that total has been put towards a contract with the Australia-based company Lendlease to build the project.
London One will be located in the Nine Elms district, near the former Battersea Power Station building, and will overlook the south bank of the River Thames. Of the 450 units comprised within the building, 360 will be luxury units with a starting price of $1.2 million. The other 90 will be set aside as affordable units. Additionally, four stories have been earmarked as office space.
Despite the fact that a report from London’s property market adviser London Central Portfolio pointed to the number of new apartments being sold in London as declining, Damac believes there will be no issues with filling the tower, according to The National.
The first phase of Aykon London One accounted for about 40 percent of the total rooms available and has already sold out. The company believes it will see the same result for the next phase of units, which is expected to launch imminently.
Related Stories
High-rise Construction | Nov 3, 2016
Two identical Kohn Pederson Fox office towers may be headed to Wacker Drive
Murphy Development Group is looking for tenants for the $800 million project.
High-rise Construction | Nov 1, 2016
The world’s 100 tallest buildings: Which wind consultants have worked on the most?
The top firm has worked on almost half of the world’s 100 tallest buildings.
High-rise Construction | Nov 1, 2016
LEGOLAND Dubai unveils the Brick Khalifa, the world’s tallest LEGO replica building
The model is on display at the newly opened LEGOLAND Dubai.
High-rise Construction | Nov 1, 2016
Winthrop Square will give rise to Boston’s second tallest building
The building will become the tallest residential tower in the city.
Building Team | Oct 31, 2016
The world’s 100 tallest buildings: Who owns and has developed the most?
All but four owners/developers on the list are located in the United Arab Emirates, China, or Hong Kong.
High-rise Construction | Oct 28, 2016
The world’s 100 tallest buildings: Which contractors have worked on the most?
Only one firm has worked on more than 10 of the world’s 100 tallest buildings.
High-rise Construction | Oct 27, 2016
The world’s 100 tallest buildings: Which MEP engineers have worked on the most?
The top firm worked on over three times as many of the tallest buildings as the second place firm on the list.
High-rise Construction | Oct 26, 2016
The world’s 100 tallest buildings: Which structural engineers have worked on the most?
The top firm has worked on almost one-fifth of the 100 tallest buildings in the world.
High-rise Construction | Oct 25, 2016
That sinking feeling: Millennium Tower San Francisco is beginning to worry residents with its sinking, leaning [Updated]
Residents are beginning to question if the tower, which exists in a major earthquake fault zone, is safe.
High-rise Construction | Oct 21, 2016
The world’s 100 tallest buildings: Which architects have designed the most?
Two firms stand well above the others when it comes to the number of tall buildings they have designed.
