Battersea Power Station, the London
landmark slated for a 5 billion-pound ($7.9 billion)
redevelopment, will be offered for sale on the open market for
the first time, Knight Frank LLP said.
“As one of the U.K.’s most recognizable landmarks, Knight
Frank anticipates considerable interest” in the site, Stephan Miles-Brown, head of residential development, said in a
statement yesterday on the property broker’s website.
The sale of the Grade II-listed building on the south bank
of the River Thames will be advertised globally starting next
week, Knight Frank said.
The 39-acre (16-hectare) site was valued at 500 million
pounds, developer and controlling shareholder Real Estate
Opportunities (REO) Plc said on Oct. 26. REO was given planning
consent in 2010 to redevelop the site, which is 2.2 miles (3.5
kilometers) by car from the Houses of Parliament.
To contact the reporter on this story:
Jesse Riseborough in London at
jriseborough@bloomberg.net
To contact the editor responsible for this story:
Dick Schumacher at
dschumacher@bloomberg.net
Open all references in tabs: [1 – 8]