Battersea Power Station in Redevelopment Scheme
ItΓÇÖs that time again: Battersea Power Station has new owners and is to be embroiled in yet more hopes of redevelopment.
But is this another venture doomed to fail?
This latest redevelopment is not actually new, but rather a continuation of the scheme originally proposed by Treasury Holdings.
ItΓÇÖs even being led by the same man, who was poached from the ex-owners unable to sustain their vision of a new Battersea.
That vision, costing approximately ┬ú8 billion, will be resurrected to see a rebuild of the protected building and an addition of 1.7 million square feet of office space, 3,400 new homes, hotels, retail units, entertainment areas and even an extension of the London underground on the Northern Line.
ΓÇ£Battersea Power Station is a wonderful building and both it, and the centrally located Nine Elms area surrounding it, are in need of regeneration,ΓÇ¥ Tan Sri Liew Kee Si, CEO of SP Setia and co-owner of the building, told The Telegraph recently.
ΓÇ£As property developers we are very proud to be part of the team that will bring them back to life and ensure they are preserved for future generations.
ΓÇ£With the sale now complete, we can move forward with our vision to build a vibrant, accessible and functional town centre for the Vauxhall, Nine Elms, Battersea area with the Power Station at its heart, creating up to 26,000 new jobs in the process.ΓÇ¥
Since the final operations closed down at Battersea in the early 1980s there have been scores of new owners, each with a dream to transform the old building into a thriving part of Central London.
But from the would-be football stadium to the London theme park to the energy museum and eco-dome, all those dreams fell through in the end.
Could this long-standing regeneration plan be the one to bring Battersea back from the past? We can only wait and see.
Find out more about The Tragic Tale of Battersea Power Station.
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