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Battersea Power Station project approved by Boris Johnson

Redevelopment of Battersea Power Station, the iconic and grade two listed building, has been approved by London mayor, Boris Johnson.

2011-01-02
SINGAPORE, January 02, 2011 (Press-News.org) London mayor Boris Johnson has approved plans for the redevelopment of Battersea Power Station which will create 16,000 new homes.

Battersea Power Station, a grade two listed building, is located on the south bank of the river Thames, in Battersea South London.

Although decommissioned in 1983, the coal-fired power station has become one of the world's best known landmarks due to its iconic four-chimney layout. It was featured in The Beatles 1965 movie Help! and on the cover art for Pink Floyd's 1977 album, Animals.

Since the closure of Battersea Power Station the site has remained unused, as several previous redevelopment projects from successive owners have failed.

The central London landmark is now owned by Irish company, Real Estate Opportunities, who purchased it for GBP400 million (US$620 million) in November 2006.

The proposal to redevelop the Battersea Power Station site was approved by Wandsworth city council in November but, due to the significance of the building, it was referred to London mayor, Boris Johnson.

The Battersea Power Station project is part of a wider regeneration scheme for the Vauxhall, Nine Elms, Battersea area.

The redevelopment of Battersea Power Station will create 25,000 jobs, 16,000 new homes and feature a park with leisure and retail facilities.

"Battersea Power Station has long been an iconic feature of the capital"s skyline, and these plans will make sure that status is retained for years to come. The building was once a vital motor helping to power the capital. With its future secured through this regeneration, it will once again play a part in driving London's economy," commented London mayor, Boris Johnson.

Author:

Rebecca Smith

Ocean Villas Group

http://www.oceanvillasgroup.com
http://blog.oceanvillasgroup.com/battersea-power-station-project-approved-by-boris-johnson/

Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe. We have an extensive range of property throughout the world which enables us to satisfy the goals of the most demanding investment portfolios.

With over three decades of experience in property investment and development worldwide and an after-sales service second to none, our focus is on providing quality, choice and the highest returns on investment without wasting your time.

We meticulously select and research each property before presenting it to you and operate a strict due diligence system that sets the minimum criteria that each investment property must achieve. As a result, you can be confident that we will only offer property to you which reaches the highest quality standards and offers the best returns on your investment.


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[Press-News.org] Battersea Power Station project approved by Boris Johnson
Redevelopment of Battersea Power Station, the iconic and grade two listed building, has been approved by London mayor, Boris Johnson.