Exclusive: Firm will act as cost consultant on first phase of £5.5bn scheme

Battersea Power Station

Battersea Power Station

Gardiner + Theobald has been appointed cost consultant on the first phase of the £5.5bn redevelopment of Battersea Power Station.

The first phase will see the construction of some 800 apartments standing above a commercial podium next to the iconic power station and will include shops, restaurants, a gym, a pool, a spa, a theatre and office studios.

G+T was previously on the Battersea project team led by the site’s former owner Treasury Holdings, before the scheme fell into administration last year.

The consultant has been reappointed by Battersea Project Holding Company, a company owned by Malaysian firms SP Setia and Sime Darby and Employees Provident Fund.

The Rafael Vinoly masterplan for the site includes a new six-acre park next to the River Thames, designed by Ian Simpson Architects and de Rijke Marsh Morgan.

Preparatory work for the development will begin over the next four months, with the first ground expected to be broken in the second half of 2013.