The scheme will transform the two-acre riverside area in the Nine Elms regeneration area between Vauxhall and Battersea generating many engineering job opportunities in the next few years.
According to the plans, a five-star Wanda hotel with 160 rooms and a skybridge connecting to two main towers of 45 and 60 floors will be built.
According to one construction source: “This is a big one to win and all the major players are now gearing-up to have a crack at it".
“I’m sure you’ll see big names like Laing O’Rourke, Carillion, Brookfield, Lend Lease and Sir Robert McAlpine on the lists.”
Wanda Chairman Wang Jianlin said: “Through the international development of Wanda hotels, we are confident that we will be the leader in bringing branded Chinese luxury hotels to the global market, where they have long been absent.
“The London property market has excellent investment opportunities and we have confidence that Wanda’s strength and expertise will make the Wanda London’s premier hotel, further promoting development in the area.”
The Mayor of London, Boris Johnson, said, “I warmly welcome Dalian Wanda’s investment into London as part of our plans to dramatically transform Nine Elms into a stunning quarter of the capital, providing thousands of thousands of new jobs and homes."
Photo: Construction Enquirer
