Model images released by Maki's studio show a four storey building with three projecting volumes and a grand external staircase.
Flat roofs will host gardens and public terraces, while the entrance area of the concrete and steel structure will feature a triple-height glazed atrium.
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In a statement released yesterday, the V&A said it had signed a "collaboration agreement" to support China Merchants Group with its plan to develop "the first major museum of design in China".