Regen work on historic London landmark to begin
Work on the £8 billion Battersea power station redevelopment project will begin next summer, it has been announced.
The owners of the site, Malaysian-based property developer SP Setia, Sime Darby and the Employees’ Pension Fund of Malaysia, announced last Thursday they are looking to accelerate the project. They are using an existing 2008 planning consent to start work earlier than expected.
The owners say the scheme, which will include 3,500 homes, offices, hotels and shops, will create 20,000 construction jobs.
The power station closed in 1983 and there have been a number of unsuccessful attempts to redevelop the site.
Boris Johnson, mayor of London, said: ‘It is brilliant that this historic landmark that helped power London for much of the 20th century will be at the centre of this huge regeneration project that will also help power the capital to even greater economic prosperity in the 21st.’
Ravi Govindia, leader of Wandsworth Council, said he was ‘delighted’ with the news.