Battersea Power Station redevelopment

Overview:

• Battersea Power Station Development Company is redeveloping the landmark Battersea Power Station site in West London. 
• The project, which has been in progress since 2012, consists of three phases: Phase 1 consisted of a £500 million residential development, Phase 2 consisted of a £1 billion redevelopment of the power station building itself, Phase 3 consisted of a £1 billion mixed used development designed by Fosters and Gehry.
• The project is being developed by Malaysian real estate companies SP Setia Berhad, Sime Darby and Employees Provident Fund who acquired the old Battersea power station building for £400 million in 2012.
• A number of companies have already signed up to become tenants in the development most notably Apple who will take six floors in the building.
• The power station itself is one of the largest brick buildings in the world and is recognizable as the backdrop from the cover for the Pink Floyd album 'Animals'

Katrin Kostadinova - Data analyst