Battersea Power Station plans raise retail ante

Posted by: Victor Pardis on 16th June 2013
The consortium – comprising Malaysia’s SP Setia, Sime Darby and Employees Provident Fund – has  lodged some revisions to the first phase plans and is preparing to lodge a revised version of the original Rafael Vinoly plans shortly as it focuses on the next phases of development The Malaysian consortium gained consent in December for the first phase of development and is set to begin work this year on more than 800 homes, a complex for cafes, restaurants, bars, a gym, pool, spa, theatre and office studios to the west of the famous London landmark. 

Renovation work on the grade II listed power station is now due to begin in the autumn of this year. The consortium is also seeking to reconfigure its outline consent for the remainder of the site. There will be little change to Vinoly’s plans for a major mixed-use redevelopment of the power station in phase two. the consortium is now believed to be considering the reconfiguration of phase three, a proposed ‘high street’ leading up to the restored Grade II*-listed power station from the proposed new Battersea northern line station, so that it can be brought forward and developed alongside the power station rather than at a later date. This will enable the consortium to increase the retail and food and beverage on the High Street, with market sources suggesting as much as 1m sq. ft. of retail could now be built across the site, making it the next major shopping centre destination to come forward in the capital. Serviced apartment floor space in this phase is expected to decrease to enable the increase in retail. The potential blast zone from the National Grid Gasholder site had required offices in phase three rather than residential; changes have been unlocked by the decommissioning of the National Grid gasholders close to the site which means that residential can now be built on the south western edge. The offices will be relocated to the development’s north eastern corner and the hotel will be moved from the same corner to a plot fronting Battersea Park Road – or in phase 4. The 38-acre site will eventually accommodate around 8m sq. ft. of accommodation including homes, shops, restaurants, cafes and bars. IT will also include offices, hotel, event and conference spaces, community facilities, cultural spaces and a 6-acre park overlooking the River Thames. Transport for London (TfL) this week applied to the Secretary of State for Transport for planning powers for the £1bn extension to the Northern Line serving Battersea Power station. The Transport and Works Act Order, if approved and the project secures funding, will allow TfL to start building in three years and open the two new stations at Battersea and Nine Elms by 2020.

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