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 | Aug 25, 2021
Summit One Vanderbilt immersive experience and observatory set to open
The project is located in the crown of One Vanderbilt.
Office Buildings | Aug 4, 2021
‘Lighthouse’ office tower will be new headquarters for A2A in Milan
The tower, dubbed Torre Faro, reimagines the company’s office spaces to adapt to people’s ever-changing needs at work.
High-rise Construction | May 27, 2021
The anti-high rise: Seattle's The Net by NBBJ
In this exclusive video interview for HorizonTV, Ryan Mullenix, Design Partner with NBBJ, talks with BD+C's John Caulfield about a new building in Seattle called The Net that promotes wellness and connectivity.
Mixed-Use | Apr 22, 2021
Jakarta’s first supertall tower tops out
The project will anchor the Thamrin Nine development.
High-rise Construction | Jan 20, 2021
Casablanca Finance City Tower becomes Morphosis’ first project in Africa
The tower is the first building completed in Casablanca Finance City.
Products and Materials | Sep 23, 2020
A new portable restroom is designed for mobility
Lendlease invented the H3 Wellness Hub, which can include natural lighting and UV bacteria control.
High-rise Construction | Mar 20, 2020
Edge, the Western Hemisphere’s highest outdoor skydeck opens
The attraction is part of 30 Hudson Yards.
High-rise Construction | Nov 6, 2019
AS+GG releases design scheme for the South HeXi Yuzui Financial District and Tower
The firm won an international design competition for the project in 2018.
High-rise Construction | Oct 7, 2019
A giant shipwreck sculpture highlights the proposal for Prague’s tallest building
Sculptor David Černý and architect Tomáš Císař from the studio Black n´ Arch designed the project.
High-rise Construction | Oct 4, 2019
KPF-designed CITIC tower is Beijing’s tallest
The tower is the fourth tallest in China and the eighth tallest in the world.
