Gallery: The Battle Begins for Developer of London’s Landmark Battersea...

 

After 25 years of speculation over the future of the Battersea Power Station a Malaysian consortium has bought the protected 39-acre site for 400 million pounds ($635 Million). The consortium plans to begin renovating the London Landmark in 2013, preserving the power station’s iconic architecture while building a multi-use development over the next 15 years. The consortium is a group of investors including developers SP Setia, Sime Darby, and the Employees Provident Fund pension fund, and the development will include apartments, offices, a shopping center, a hotel, an art space and 3,400 new homes.

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