Malaysia-owned Battersea in London aims to secure new financing

DUBAI: The firm behind the redevelopment of London’s Battersea Power Station is on track for its next multi-million pound fundraising, a senior executive said, seeing strong demand for space at the site where construction plans have repeatedly foundered in recent years.

Battersea Power Station Development Co, which had begun a £10bil regeneration of the site on London’s south bank, aimed to finalise another round of financing by the end of October, its chief Rob Tincknell said on Monday.