Consortia of developers buys iconic Battersea Power Station
A consortia of developers comprising SP Setia, Sime Darby and the Employees’ Pension Fund of Malaysia has bought the iconic Battersea Power Station for £400m.
Joint sales advisers estate agent Knight Frank and financial services firm Ernst & Young announced that contracts have been exchanged for the London landmark.
The consortia was confirmed as preferred bidder for the site in June. It plans to preserve the facade of the building including it iconic chimney stacks and create a vibrant new centre for South London.
The SP Setia Group currently has projects spread out throughout Malaysia, Singapore, Australia, Vietnam and China.
Sime Darby Property describes itself as Malaysia’s “biggest township developer,” with projects in Singapore, Australia, Vietnam and the UK.