UNITED KINGDOM: Malaysians win the right to redevelop Battersea Power Station in London beating a rival bid from Chelsea Football Club

Record ID: 593352

  • Title: UNITED KINGDOM: Malaysians win the right to redevelop Battersea Power Station in London beating a rival bid from Chelsea Football Club
  • Date: 8th June 2012
  • Summary: LONDON, ENGLAND, UK (JUNE 7, 2012) (REUTERS) WIDE OF BATTERSEA POWER STATION, BOAT PASSING ALONG THE RIVER THAMES CLOSE OF WINDOWS ON A SIDE WALL OF THE STATION WIDE OF BATTERSEA POWER CENTRE INDUSTRIAL CRANES, BUILDINGS IN BACKGROUND WIDE FROM A BRIDGE OF BATTERSEA POWER STATION AND NEIGHBOURING BUILDING, TRAIN PASSING ALONG BRIDGE LANDMARK WHITE TOWERS OF THE POWER STATION MORE OF POWER STATION AND BRIDGE WITH TRAIN PASSING SCAFFOLDING AT BASE OF POWER STATION TOWER TOP OF POWER STATION BUILDING AND ALL FOUR TOWERS POWER STATION FROM TREES ON THE RIVER BANK, ARCHES OF BRIDGE AND PASSING TRAIN
  • Embargoed: 23rd June 2012 13:00
  • Keywords:
  • Location: United Kingdom
  • Country: United Kingdom
  • Topics: Business,Finance,Transport
  • Reuters ID: LVA8HN8NM10SWPY3C6XQRLI4W363
  • Story Text: Malaysian companies SP Setia Bhd and Sime Darby Bhd have won the right to redevelop Battersea Power Station, which has been a recognisable London landmark for 80 years.
    They beat a rival bid from Chelsea Football Club, which was looking to move its stadium to the building.
    Some 15 competitors submitted plans last month. The Malaysian companies will acquire the site which is 15 hectares large and sits on the bank of the river Thames, for 400 million pounds. They will create a new underground station on the site, as part of wider plans to extend the London's Northern Line underground rail.
    The power station stopped generating electricity in 1983, and has since suffered from several failed attempts at redevelopment. Owners and buyers are currently in talks, before the planned "multi-use real estate regeneration project" can begin at this historic site.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2012. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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