Final seal of approval for Battersea Power Station

Secretary of State for Communities & Local Government approves scheme which includes 1.5m sq ft of office space

Article posted: 10 Feb 2011

Treasury Holdings yesterday welcomed the approval of The Rt Hon Eric Pickles MP, Secretary of State for Communities and Local Government, for the planning application for the Battersea Power Station site. His decision follows that of the Mayor of London Boris Johnson in December 2010, one month after Wandsworth Council approved the scheme. This marks the final decision in the planning application process, with development of the site now due to commence in 2012.

The development, which will be the largest ever in Central London, will create a vibrant new community just one mile from Westminster, and serve as a catalyst for the regeneration of the Nine Elms Opportunity Area. The scheme is expected to generate approximately 15,000 new jobs and training opportunities for the area, and will also include a new underground station on the proposed extension of the Northern Line from Kennington to Nine Elms and Battersea.

Rob Tincknell, Managing Director of Treasury Holdings, said: “We are delighted to have received final approval for the scheme and would like to thank the local community, Wandsworth Council, the Mayor of London, and the Secretary of State for their support and valuable engagement throughout the process. Following productive talks with a number of potential investors, we now look forward to bringing an investment partner on board and commencing with the development of the site and the regeneration of the power station.”

The masterplan includes around 3,700 new homes, 500,000 sq ft of retail, restaurants, a hotel, leisure space, community facilities and 1.5m sq ft of office space in Battersea, SW8. It is this mix of uses that is essential to delivering an active place that will bring life to the area.

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Posted by Aree J Rand