Restoration of Battersea Power Station to Start in October

on May 31, 2013
Listen

The restoration of the Battersea Power Station will begin in October, the owners of one of the most popular landmarks on the London skyline have announced.

Battersea Power Station Development Company — a Malaysian consortium comprising the world’s biggest palm-oil producer, Sime Darby Bhd and SP SetiaBhd, and the Employees Provident Fund pension fund – revealed on Thursday, May 30 more details of its programme to restore the huge redbrick building, which has emerged as one of London’s main property investment hotspots.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

The Battersea Power Station and its instantly recognisable concrete chimneys featured on the cover of Pink Floyd’s 1977 album “Animals” are to be regenerated to form the centre of an £8 billion residential and commercial property complex on the south bank of the River Thames. The restoration programme, which will commence 30 years after the station stopped generating electricity, will begin with an initial £100 million package of repair works.

This first phase of the renovation would involve repairs to the external brickwork, wash towers, steel frame and windows, Battersea Power Station Development Company said in a statement on Thursday. Under the plans, the four chimneys will be taken down and replaced with exact replicas “reconstructed to the highest structural standards”. The replicas, which will be made using the original architectural plans of more than 80 years ago, are essential because the quality of the originals is poor and they would be prohibitively expensive to restore. The Malaysian consortium, which last year bought the Art Deco 1930s power station for £400 million after its previous owner was put into administration, added that restoring the original chimneys would probably add only ten years to their life, compared to the replicas which would “stand for decades to come”.

***“Outstanding Team” to Handle the Restoration***
!m[Owners Unveil Initial £100m Package of Repair Works Including Replacement of Iconic Chimneys ](/uploads/story/2640/thumbs/pic_1_inline.jpg)
Along with the details regarding the start-up date and the initial budget for the building’s restoration, Battersea Power Station Development Company named on Thursday the firms to be involved in the refurbishment programme. Buro Happold and Purcell will provide structural engineering and facade repairs advice, and Wilkinson Eyre, a specialist heritage architect, will design the interior of the station.

Rob Tincknell, chief executive of Battersea Power Station Development Company, said in the statement: “We have assembled an outstanding team to handle the restoration of this iconic building.”
Work on the first 866 homes next to the Battersea Power Station, known as Circus West, will start this summer and is expected for completion by 2016. Nearly all of the apartments and townhouses planned for this first phase of the project have already sold thanks to high property investment interest (“Phenomenal Interest” Boosts Sales at Battersea Power Station Site, Developer Says ).

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Commercial Real Estate Real Estate Residential Real Estate