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Construction scaled back on £1bn Multiplex Nine Elms site

Grant Prior 3 years ago

The brakes have been put on construction work at Multiplex’s £1bn One Nine Elms site in south London.

The main contractor is understood to have been unpaid for months by Chinese client R&F One (UK) Ltd.

In a statement R&F said: “Work is continuing at One Nine Elms while we discuss a set of issues with Multiplex to ensure a successful completion of the development.”

Work on the site involves construction of two residential towers of 56 and 42 storeys which are due for completion in early 2023.

R&F bought the job from former Chinese developer Dalian Wanda in 2017.

Its parent company Guangzhou R&F Properties has been struggling to make a $725m bond repayment.

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