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News Archive - February/March 2012
London landmark on the open market
Battersea Power Station is on sale on the open market for the first time in a bid to secure a long-term owner.
The landmark brick building on the south bank of the River Thames is being advertised all over the world as the last major undeveloped regeneration site in central London. Agent Knight Frank anticipates considerable interest in the 39 acre site, which comes with planning permission for homes, offices, hotel, retail and leisure development.
“BPS is as iconic as the Chrysler Building in New York or the Eiffel Tower and familiar to people who may have never even been to London,” said Stephan Miles-Brown of Knight Frank.
"The building is also the figurehead for one of London’s most ambitious regeneration programmes (Nine Elms), and gives the entire area a unique sense of place as well as putting it on the map. BPS’ next owner will have to take a creative and long-term approach to its future,” he said.
The move follows the bankruptcy of previous owner Treasury Holdings at the end of last year.
Meanwhile, architect Terry Farrell has proposed a more cost-effective solution that retains the front and back walls and art deco control rooms while creating a landscaped park in the middle (see image above).
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