Battersea gets RM2.56bil new residential sales

Battersea chief executive officer Simon Murphy said the sales performance in 2022 demonstrated the significant demand for living at the new riverside neighbourhood.

KUALA LUMPUR: The Battersea Power Station Development Company (BPSDC) has announced £480mil (RM2.56bil) of new residential sales in 2022 for the central London mixed development.

In addition, the developer of the iconic project said £1.1bil (RM5.3bil) of apartments were completed and handed over as the community grew to about 2,500 residents.

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

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

According to BPSDC chief executive officer Simon Murphy, the sales performance in 2022 demonstrated the significant demand for living at the new riverside neighbourhood.

Building on over £400mil (RM2.12bil) of sales in 2021, the total residential sales for the past 24 months has come to nearly £1bil (RM5.3bil).

“Last year 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.

“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 this year including a 24,000-sq-ft Arcade Food Hall by 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.

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

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Battersea , residential , project , sales , newopenings


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