Plans for £4bn Battersea power station regeneration showcased
11:43 24 Mar 2009 |
Wandsworth Council is set to submit a planning application for the £4bn transformation of Battersea power station and the surrounding area, which could create around 2,500 construction jobs.
The application is set to be made within the next few months for the 450 acre Nine Elms regeneration scheme in the borough.
Around 200 investors attended an event at the power station yesterday evening to learn about the scheme and the investment opportunities it presents.
Real Estate Opportunities, managed by Treasury Holdings, said it was set to spend £150m on the power station itself, including the creation of shops and a museum.
The scheme is partly dependent on plans for the first privately-funded extension to the Northern Line of the London Underground, from Kennington going west to Battersea.
The £350m scheme would be paid for by Real Estate Opportunities and other landowners in the area.
Construction work for the entire scheme could begin as early as 2011, depending on the speed at which the planning application is processed.
No comments:
Post a Comment