Commercial Property News

Battersea Power Station redevelopment plans 'has support'

A total of 82% of visitors to a recent exhibition highlighting plans to redevelop Battersea Power Station approved of the scheme.

Support for a scheme to redevelop Battersea Power Station is growing, it has emerged.

Owners of the site Treasury Holdings UK and developers Real Estate Opportunities held a public exhibition of their intentions for the area during the first week of December, Property Week reports.

This saw 82% of visitors approve of the overall plans, a 22% jump on the proportion that gave it their backing at the last event in June.

The proposal was submitted to Wandsworth Council in October 2009 and managing director of Treasury Holdings UK Rob Tincknell said that the company has “been mindful to create a scheme [that] represents the aspirations and concerns of all the stakeholders involved, not least the Battersea community”.

He added that “the aim of the redevelopment - which is set to include around 500,000 sq ft of retail commercial property - is to create a vibrant new urban quarter in the capital”.

Treasury Holdings UK acquired Battersea Power Station in December 2006 and appointed architect Rafael Vinoly to draw up a development proposal in April 2007.

Tue, 5th Jan 2010

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