05. Juli 2012 Print
Battersea Power Station sold for £400 million
Fergal O’Reilly, director at joint agent Ernst & Young Real Estate Corporate Finance, says, “The international marketing campaign has achieved a fantastic result, which some thought unlikely if not impossible, returning a number of highly credible bids from across the globe, and ultimately resulting in an exchange of contracts with the SP Setia consortium. The sale of Battersea Power Station (BPS) is testament to the continuing draw of London as a centre for global investment.”
The current planning consent has provision for 3,500 homes and 1.7 million square feet of office space, as well as for hotel and retail units. It will also provide London with two new Underground stations, extensions from the Northern line.