KUALA LUMPUR: Battersea Project Holding Co Ltd chairman Tan Sri Liew Kee Sin says the company has received many proposals for developments around London following the success of the Battersea Power Station project.
“This is a feat for a Malaysian company venturing into London for the first time,” he said.
He was speaking to the media at a dialogue session, “A Tale of Two Great Cities: KL and London”, with Kuala Lumpur Mayor Datuk Seri Ahmad Phesal Talib, London Mayor Boris Johnson and British High Commissioner to Malaysia Vicki Treadell on Malaysian industrialists’ interest in investing in London.
Johnson said the project had proved that a former coal-fired power station could be turned into hotels, restaurants and theatres.
“This will enable us to secure more regeneration projects to build more homes in the city,” he said.
Liew told the press that Battersea was targeting to be a carbon-free development and that there was much to learn from their project in London. “In 26 months, we have sold £1.8bil (RM9.67bil) of the development with 60% going to United Kingdom passport holders. It shows that British locals now accept the Battersea brand,” Liew said. Malaysian buyers account for less than 15%, he said.
Phase 1 of the project has been 99% sold with five penthouses remaining, while Phase 2 was 90% sold and Phase 3 50% sold. Sales for those first three phases would be completed in June 2016, 2018 and 2019, respectively, he said.
About 55% of the 16.19ha Battersea has been developed, while the development of remaining phases will start in about three to four years’ time as the undeveloped land was a stock yard to build the northern line extension.
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