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Battersea Power Station purchased for £400m

Battersea Power Station purchased for £400m

The Malaysian buyers of Battersea Power Station have announced they have completed the £400m purchase of the site, and confirmed the appointment of a former Treasury Holdings boss as their chief executive.

Battersea Power Station is owned by a Malaysian consortium of investors consisting of S P Setia Berhad, Sime Darby Berhad and the Employees Provident Fund

The development of the project will be undertaken by British based management company, Battersea Power Station Development Company.

Following widespread support from key stakeholders in London including The London Borough of Wandsworth, The Mayor and the Government, planning permission has been granted for over 8m sq.ft, the largest ever granted in Central London. We shall continue a detailed community and stakeholder engagement program to ensure the development integrates into the fabric of the local area.

The Rafael Vinoly designed mixed-use masterplan comprises a careful blend of residential, offices, shops, leisure and hospitality. The iconic Grade II* listed building will form the central focus of the plans and will be carefully restored with public accessibility at its core.

 


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