Battersea Power Station achieves GBP480mil in new residential sales

Photo by Charlie Round Turner

KUALA LUMPUR: The Battersea Power Station Development Company (BPSDC) has announced GBP480mil (RM2.56bil) of new residential sales in 2022 for the central London mixed development.

In addition, the developer of the iconic project said GBP1.1bil of apartments were completed and handed over as the community grew to over 2,500 residents.

The Battersea Power Station development is owned by a consortium of Malaysian investors comprising SP Setia and Sime Darby Property with 40% ownership each and the Employees Provident Fund with a 20% stake.

The commercial assts within the power station building is directly owned by Permodalan Nasional Bhd and EPF.

According to BPSDC CEO Simon Murphy, the sales performance in 2022 demonstrates the significant demand for living at the new riverside neighbourhood.

Building on over GBP400mil of sales in 2021, the total residential sales for the past 24 months has come to nearly GBP1bil.

"2022 was a year for the history books for the project with the opening of the iconic London landmark to the public for the first time in history, as well as the new high street, Electric Boulevard.

"Coupled with the opening of the Northern Line in September 2021, we have achieved two of the most important milestones for this new area, and as a result, we’re attracting an ever-increasing number of residents to join the vibrant community which has formed," said Murphy in a statement.

He said there will be further openings in 2023 including a 24,000 sq ft Arcade Food Hall from JKS Restaurants.

He added that the dining centre will offer a mixture of new and existing food concepts along with three standalone restaurants and cocktail bar.

Further, he said Third Space, a London fitness brand, will also open a 28,000 sq ft club at Battersea Power Station offering space for training, recovery, relaxation and nutrition.

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