Redeveloping an Icon: Battersea Power Station, London
After numerous stalled attempts at redevelopment, London’s iconic Battersea power station may finally be on the verge of a new lease life. The 1933 grade II listed building has been out of use since 1983, most frequently hosting photo shoots and film crews in recent years.
Its new owner – a Malaysian property development consortium – has bought the 39-acre power station for £400m ($649m), and intends to transform the space into a vibrant town centre, offering economical benefits to the surrounding area. According to plans, the space will include 3,500 homes, a six-acre riverside park, 160,000 sq m of office space and shops, and the redevelopment will create an estimated 26,000 jobs.
The £8bn ($13bn) revamp is due to begin in mid-2013, with the first phase of a potentially decade-long process due to be completed by 2016. This will encompass 800 apartments, crowning a commercial complex that will include a gym, restaurants, spa, theatre and office space.
“The district-wide regeneration programme will be one of the greatest sources of new jobs and homes in the country over the next few years,” said Ravi Givindia, council leader for Wandsworth – the borough in which the building sits.
For more on contemporary restoration and dealing with historic spaces, see the Spaces report Future-Classic: Contemporary Restoration. For more on a creative approach to large-scale property development, see the report The Henson Development.