Battersea

Battersea

Over 30 years since its decommissioning Battersea Power Station area will be regenerated thanks to its purchase by three highly reputed Malaysian companies. Indeed SP Setia is Malaysia’s leading real estate player, with a track-record of large-scale development; Sime Darby is a multi-national conglomerate with a market capitalisation of around £12bn; and EPF is one of the world’s most liquid pension funds.

It’s a 39 –acre site overlooking over 400 metres of the River Thames directly opposite Chelsea. The master plan will comprise an original blend of residential, offices, gyms, shops, spa, car park and hospitality.

For the project to be successful, Battersea Power Station Development Company will work closely with Transport of London to carry out the £1Bn Northern Line extension project. The project will provide a major boost to Central London by creating 3,500 new homes and generating 26000 new jobs and be worth around £8bn to the economy at its completion.

Rob Tincknell, CEO of Battersea Company says it’s “a great example of the public and private sector working together for the benefit of the UK economy”.

The phase 1, the development of the western side of the power station side will comprise 1 million ft2 of improved riverside access and repairs to the fabric of the iconic Grade II listed building.

Buro Happold, an international multidisciplinary engineering consultancy operating in the areas of Buildings, infrastructure, Environment, civil, structural and building services will provide engineering design and consultancy services for the 1st phase.

In January 2013 sales of the future homes commenced in London. Approximately 600 of the apartment and townhouses in so-called Circus West have already been reserved, representing about 75% of phase one properties and sales exhibitions are continuing in other international markets in response to the widespread pre-launch registered interest shown in the development. Circus West is a mix of 800 one, two and three bedroom apartments, townhouses and penthouses as well as a blend of offices, shops, leisure and hospitality designed by Simpson Architects and de Ryke Marsh Morgan (dRMM). Prices start at £343,000 for a studio and rise to £6million for a penthouse.

Sources: Macdonald & Company, BatterseaPowerstation and Daily Mail websites.

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