INDUSTRY NEWS

Battersea Power Station office approval from London Mayor

The Battersea Power Station office development has been approved by the London Mayor, Boris Johnson.

The office revamp will cost £5.5 billion and demonstrate brand new London office space, as well as retail outlets and leisure facilities. The development will also feature two new Tube stations along the Northern Line.
The redevelopment plans by the Battersea Power Station and it’s surrounding area will result in the creation of 25,000 jobs as well as the construction of around 16,000 homes.

Boris Johnson commented; “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,”

“With its future secured through this regeneration, it will once again play a part in driving London’s economy,” said the London Mayor.
Currently Battersea Power Station is a Grade II listed building. Originally opened in 1933 the station has produced energy for the country since 1983.
The entire project, including the rebuilding of the chimneys and the complete restoration of the power station, is expected to be completed by 2016.

Commercial property news brought to you direct from DeVono Cresa, specialists on the London commercial property market.

 

 

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