Battersea Power Station has clinched the Property Company of the Year award at the Evening Standard’s Business Awards 2017, beating property heavyweights such as Land Securities, Grainger and Berkeley Group, reported Bernama.
Sime Darby Property Bhd revealed that the company was praised for getting the project off the ground following more than 30 years of the power station lying derelict.
It noted that the award came at a pivotal time for the development as it prepares for the official launch of the first phase of the Circus West Village.
“The launch would mark the opening of the first shops, restaurants and riverside bars alongside the recently opened Village Hall in South West London,” it said in a statement.
In fact, one of the future office tenants is Apple.
“Apple has signed as an anchor tenant, and no doubt other prestigious media and art companies will follow their lead. Besides new shops, restaurants and office space, 20,000 new homes will be built. There will also be a six-acre public park, a town square and a major extension to the tube line,” said Battersea Power Station Development chief executive officer Rob Tincknell.
With a Malaysian consortium comprising SP Setia, Employees Provident Fund and Sime Darby acquiring the site in 2012, the restoration of the historic building as well as the regeneration of the 16.8ha site started in 2013.
Currently, more than 3,000 people are working on site, with around 17,000 jobs expected to be created on completion.
Work is underway on tunnelling for the Northern Line Extension, which is set to be operational in 2020, the same time as the new riverside park and restored power station will be opened.
Image sourced from Malay Mail
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
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