Malaysian developers behind Battersea Power Station are praised for their regeneration.
The Malaysian consortium behind the development of Battersea Power Station in London have been recognised for their work. The team behind this large scale project, S P Setia Berhad, Sime Darby, and Employees Provident Fund, has been awarded Property Company of the Year the Evening Standard Business Awards 2017.
This large scale development sits on the banks of south side of the River Thames in the borough of Wandsworth. The iconic power station is recognised worldwide and its restoration will create a ‘new riverfront destination for London’. A collaboration between architectsÂ Foster + Partners and Gehry Partners. The mixed used scheme will consist of retail, restaurants, office space, leisure facilities and events spanning a site of 16.8 hectares. The development of Battersea Power Station started in 2013 and is expected to create 17,000 jobs once complete.
Alongside the development, the northern line of the London underground network will be extended to reach Battersea Power Station. Due to be opened in 2020 this will help to open up this pocket of London. An area that has sat idle since the station stopped generating electricity in 1983. Formerly a coal-fired power station that was built in 1930s with the Battersea B Power Stating being built in the 1950s.Â
The development of the structure is challenging due to the Grade II listing status it holds that restricts how it can be altered. However, this project has proved to be a success with residents already moving into the first phase of the buildings recommission. The developers have also revealed that the Apple will be one of the future office tenants.