Interserve Press Office | Apr 11, 2016
CI-One Construction, a joint venture between Interserve and China State Construction Engineering Corporation and Wanda One, the UK subsidiary of leading Chinese real estate company Dalian Wanda, have mutually agreed to end negotiations for the main contractor appointment at One Nine Elms.
A CI-One spokesperson said:
“CI-One Construction and Wanda One (UK) Ltd have continued to work in a positive manner to conclude outstanding matters to reach contract award on this scheme. Unfortunately we have failed to reach agreement and the client has chosen to pursue a re-tender. CI-One has confirmed that we will not participate in the re-tender process. We wish Wanda One well with the project and will continue to support them whilst outstanding matters are concluded.”