Battersea Power Station will have a new anchor tenant in 2021 as terms have been agreed with Apple to take 40% of the office space at the £9bn scheme. The new “London campus” as its being described will spread over 500,000 square feet over six floors of the central Boiler House, making it the biggest single tenant on the 42-acre site.
In a deal that could be worth tens of millions of pounds in rent will add some 4,000 to 5,000 people moving to the area when one also considers the relocation of the American embassy building. This move is expected to re-ignite the residential rental market in the area.
Sadiq Khan, Mayor of London expressed his satisfaction on the deal stating “I am delighted that Apple is moving into Battersea Power Station, helping to generate new jobs and economic prosperity for Londoners. It is a further sign that London is open to the biggest brands in the world and the leading city for trade and investment.”
