Case for Shooting the Elephant

"Battersea Power Station needs to be developed in smaller stages" - Capital & Counties investment director Gary Yardley

The Battersea Power Station site should be developed in smaller stages and we should consider knocking down the redundant power station building - those were two of the views expressed at the Movers & Shaker “Developing London” breakfast last week.

http://www.propertyweek.com/news/news-by-region/london/pwtv-battersea-power-station-needs-to-be-developed-in-smaller-stages/5031066.article

PropertyWeek.com
26 January 2012 | By David Doyle

Battersea Power Station London : Rafael Viñoly Scheme

photo: from eArchitect website

Location: Wandsworth, west London15 Feb 2011

Battersea Power Station Redevelopment Approval

The £5.5bn redevelopment of Battersea Power Station has cleared the final regulatory hurdle after Eric Pickles, the Communities Secretary, gave the scheme the green light.The decision means Treasury Holdings, the developer, could start construction in 2012. However, Treasury first needs to secure a capital injection to finance the project. Rob Tincknell, managing director of Treasury, said talks with potential joint venture partners were "productive".The power station is one of London's most recognisable landmarks but has lain dormant since 1983 despite attempts by a collection of owners to develop it. Treasury's proposals comprise 10m sqft of offices, shops and 3,400 homes. However, the Irish-backed developer must also agree financing terms on a £600m extension to the London Underground. First phase architects were named as Ian Simpson Architects and dRMM.12 Nov 2010

Full project profile and images at eArchitect: http://www.e-architect.co.uk/london/battersea_power_station.htm