Battersea Power Station stands proudly on the south bank of the River Thames as one of the most iconic buildings in the UK. Recogniseable by visitors to London from around the world, this once active coal-fired power station has stood empty since 1983 when it was finally decommissioned. However, thanks to an agreement with Malaysia’s SP Setia and Sime Darby the site is now being redeveloped and will see the power station and surrounding area developed into a multi-use area which will see a variety of properties developed as well as various commercial developments such as shops, restaurants, hotels and businesses.
SHORT HISTORY OF BATTERSEA POWER STATION DEVELOPMENT
Battersea Power Station surprisingly was built as two power stations, Battersea A and Battersea B. Construction of Battersea A began in 1929 and was fully operational by 1935. The construction of Battersea B began in 1945 and was up and running fully by 1955. The two power stations are almost identical in design which is why what we know was Battersea Power Station today has the instantly recognizable four chimney layout.
Battersea Power Station would go on to function as a coal-fired power station for the next few decades until in 1975, Battersea A was decommissioned followed by Battersea B in 1983. However, during its time as a power station (and in the subsequent years it lay empty) thanks to its unique look, it has been in demand as a location for various film and TV shoots as well as referenced in much popular culture. As one of the world’s largest brick buildings with a lavish Art Deco interior and decor, the power station has graced the album covers of bands such as Pink Floyd and the Beatles as well as being used in music videos by a host of artists including The Jam, Tori Amos, Texas, Take That and Biffy Clyro. It’s also appeared in TV and film multiple times including Alfred Hitchcock’s Sabotage, Monty Python’s Meaning of Life, Superman III, The Dark Night, Got to Dance and The King’s Speech.
Despite its popularity as a shooting location for music videos, TV and film, the future of Battersea Power Station was uncertain for many years as it went through many troubled years of ownership which saw plans developed and shelved as well as various owners suffering financial difficulties. By 2012 the site’s owners were in administration and the appointed administrators Ernst & Young entered into an exclusivity agreement with two leading Malaysian companies, SP Setia and Sime Darby to develop the site. This will see the power station and the surrounding area completely redeveloped to include 800 apartments, a range of other housing and a variety of businesses, shops, gym, spa, hotels and even a theatre.
BATTERSEA POWER STATION PROPERTY
Property at Battersea Power Station is divided into three stages of development. As you may suspect for a development in this area of London at one of its most iconic locations, the focus is on quality and all three phases of property development have a focus on luxury living whether it be a flat or house.
Phase One of the Battersea Power Station development was launched in early 2013 and all 865 of its flats were sold off-plan within a few weeks. Many of these have been bought by property speculators looking to enjoy a potential rise in the prices over the coming years. Prices of these flats ran into several million for each one.
Phase Two of the Battersea Power Station development is the redevelopment of the actual station itself. This development was launched in October 2014 with an initial 539 luxury apartments.
Phase Three of the Battersea Power Station development is a 1306 home scheme designed by Foster + Partners, one of the world’s leading innovative architectural practices in the world based only a short walk along the River Thames away in SW11.
Property prices at the Battersea Power Station development are currently as follows:
- 2 bed from £1.33 million
- 3 bed from £1.9 million
- 4 bed P.O.A
- Penthouses P.O.A
BUSINESS AT THE BATTERSEA POWER STATION DEVELOPMENT
As well as there being a significant amount of housing at the Battersea Power Station development, business will be at is core too. Apple will be the largest tenant at the old power station and they will occupy six floors of the building totalling 500,000 square foot which is 40% if the building’s total office space. Apple are expected to have fully moved into the development by 2021. The other office space at the development will be utilised by a variety of businesses from the UK and the rest of the world across a range of industries.
LEISURE AT THE BATTERSEA POWER STATION DEVELOPMENT
With so much housing and business being developed at the Battersea Power Station development, extensive leisure facilities are being developed too. This includes:
The shopping facilities at the development will be second to none and will be shopping destination to rival other parts of London. It will feature a range of innovative brands, exciting independent stores as well as established names all of which will combine to give shoppers at the Battersea Power Station development a truly world leading retail experience.
As you would expect, there will be an extensive selection of eateries at the power station development in Battersea. From boutique cafes and exciting late night street food to the very best in Michelin Star quality fine dining, there will be something for everyone.
A luxury boutique hotel is being developed at the old Battersea Power Station site that will provide the ideal place to stay for visitors. Offering stunning views of the power station, the hotel will be housed in a Frank Gehry designed building and will offer guests the very height of luxury.
Thanks to the development of Battersea Power Station, the future is bright for Battersea and its surrounding areas as it is set to become one of the most sought after postcodes not just in London, but the UK as a whole.