A signature landmark in London, the Battersea Power Station has been lying idle in a derelict condition for decades before Malaysian developer SP Setia decided to purchase this vast building and its surrounding area with a vision to transform it into a fun space filled with restaurants, residential units, office space and retails outlets.
After a long and tedious construction period, the once coal-fired power station has opened the doors to its first-ever residents at a small celebration where SP Setia management was on hand to witness this momentous occasion. This is the first stage of the development, the rest of the building will be completing in stages throughout the rest of the year, with residents moving into other two phases in the coming months.
SP Setia has also announced that Apple will be taking up half a million square feet of office space to commence the fit-out of its new London Campus in a couple of months. Dato’ Ahmad Pardas Senin, Chairman of Battersea Project Holding Company, commented on the proud day for Malaysia and the consortium of shareholders who transformed this historic building into a sustainable city living address while restoring the landmark and giving it a new lease of life. Datuk Wong Tuck Wai, Chairman of Battersea Power Station Development was also delighted on the progress to see the Malaysian Vision for this thriving new London neighbourhood now becoming a reality.
Once open to the public, Battersea Power Station will house over 100 shops, bars and restaurants, as well as unique events and leisure spaces, including the Chimney Lift Experience, which will be operated by global events and entertainment leader IMG. The glass elevator will transport visitors 109m up inside one of the Power Station’s iconic chimneys before they emerge at the top to enjoy unrivalled 360o views of the capital’s skyline.
The riverside project will welcome over three million people on average each year thanks to its annual events programme. With the Northern Line being extended to give this new neighbourhood, Battersea Power Station is expected to draw Londoners, international visitors and workers from across the capital with journey times to the West End and the City taking approximately 15 minutes.