{"id":23699,"date":"2016-08-23T17:17:25","date_gmt":"2016-08-23T10:17:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=23699"},"modified":"2016-08-23T15:21:48","modified_gmt":"2016-08-23T08:21:48","slug":"dubais-damac-awards-dh967m-contract-to-build-aykon-london-one-tower","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-awards-dh967m-contract-to-build-aykon-london-one-tower\/","title":{"rendered":"Dubai's Damac awards Dh967m contract to build Aykon London One tower"},"content":{"rendered":"


\nThe Dubai-based developer Damac has appointed Australian property construction and development company Lendlease to build its Aykon London One tower.Damac has awarded a \u00a3200 million (Dh967m) contract for the tower, which has a total development value of Dh3.1 billion. The building has been designed by architect Kohn Pedersen Fox and the interiors have been created in partnership with Versace Home, with which Damac has an existing relationship having completed Versace Home-branded residences at Al Jowharah Tower in Jeddah.The project will contain 450 residential units \u2014 90 of which have been set aside as affordable homes \u2014 in two interlinking towers. The 50-storey north tower will contain 360 luxury units with a starting price of \u00a3900,000, while the south tower will contain the 90 affordable units, with four storeys of offices above. There will also be a sky bridge between the two towers with a roof garden at level 24. Construction is due to complete in 2020.The towers overlook the south bank of the River Thames and sit in the Nine Elms district, close to the former Battersea Power Station building, which is also currently being redeveloped.Hussein Sajwani, the chairman of Damac Properties, said: “Aykon London One is a landmark project and our first major international development outside of the Middle East. “We have great confidence in the London marketplace and this project is already proving to be highly desirable to customers and investors from within the UK as well as other parts of the world.”Neil Martin, the managing director of construction for Lendlease Europe, said: “We are excited that Damac Group has chosen Lendlease to deliver its flagship project in the UK.”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.”Last week, Lendlease published results for its 2016 fiscal year which showed that its overall revenue increased by 14 per cent to A$15.1bn and net profit climbed by 13 per cent to A$698.2m. It derives about 85 per cent of its revenue and 23 per cent of its earnings before interest, tax, depreciation and amortisation through its construction arm.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Dubai’s Damac awards Dh967m contract to build Aykon London One tower<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai-based developer Damac has appointed Australian property construction and development company Lendlease to build...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23699","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6af","jetpack-related-posts":[{"id":90244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-says-to-speed-up-work-on-aykon-city-project\/","url_meta":{"origin":23699,"position":0},"title":"Dubai's Damac says to speed up work on Aykon City project","date":"May 30, 2018","format":false,"excerpt":"\r Developer confirms the completion of the raft foundation work for tower B at Aykon City, its multi-tower master development\r \r Source : arabianbusiness.com\r Read more...Dubai's Damac says to speed up work on Aykon City project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-awards-dh1-4-billion-in-contracts-in-first-two-months-of-2017\/","url_meta":{"origin":23699,"position":1},"title":"Damac awards Dh1.4 billion in contracts in first two months of 2017","date":"March 9, 2017","format":false,"excerpt":"\r Damac Properties has awarded 121 construction contracts in the first two months of the year with a combined value of Dh1.4 billion.The developer said that the awards include main contract packages at five of its sites - Akoya Oxygen, Damac Hills, Aykon City and at two new towers in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-eyes-london-regeneration-sites-for-second-major-scheme\/","url_meta":{"origin":23699,"position":2},"title":"Damac eyes London regeneration sites for second major scheme","date":"March 31, 2016","format":false,"excerpt":"\r First site, the 50-storey Aykon tower, due to start construction this year\r \r Source : arabianbusiness.com\r Read more...Damac eyes London regeneration sites for second major scheme","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-awards-163m-construction-contract-for-aykon-city\/","url_meta":{"origin":23699,"position":3},"title":"Dubai's Damac awards $163m construction contract for Aykon City","date":"February 27, 2018","format":false,"excerpt":"\r China State Construction Engineering Corporation to build one of the towers in 4 million sq ft project\r \r Source : arabianbusiness.com\r Read more...Dubai's Damac awards 3m construction contract for Aykon City","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trumps-dubai-business-associates-to-build-versace-branded-tower-block-in-london\/","url_meta":{"origin":23699,"position":4},"title":"Trump's Dubai business associates to build Versace-branded tower block in London","date":"August 22, 2017","format":false,"excerpt":"\r DAMAC International is building a 50-storey tower in London in partnership with Italian fashion house Versace.\r \r Source : cnbc.com\r Read more...Trump's Dubai business associates to build Versace-branded tower block in London","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-first-quarter-net-profit-drops-15-per-cent\/","url_meta":{"origin":23699,"position":5},"title":"Damac Properties first-quarter net profit drops 15 per cent","date":"May 9, 2016","format":false,"excerpt":"\r Dubai-based developer Damac Properties reported a 42 per cent decline in year-on-year sales for the first quarter of 2016 of Dh1.62 billion compared with Dh2.8bn a year earlier.Net profit also dropped by 15 per cent to Dh1.05bn.The amount of new sales booked during the quarter were Dh2bn - a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23699"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23699"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}