Real Estate Advisory

Thousands Queue To See Iconic Power Station

22nd September 2013

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This weekend some 700 landmarks across London are open to public as part of the ‘Open House’ project, including the much talked about Battersea Power Station. Thousands of people lined the bank of the River Thames in Battersea Park waiting their turn to visit and take photos of this iconic  red brick building built in 1933 and decommissioned in 1983. This will probably be the last time that this site will be open to the public before the redevelopment of the whole area begins as part of a multi billion pound mixed use project. This project, funded by a consortium of Malaysian investors including the Malaysian State controlled Employees Provident Fund (EPF), will consist of residential units, serviced apartments, a hotel, various retails outlets and community and leisure centres. The first apartments were launched for sale in January this year and sold out within days. Prices ranged from £338,000 for a studio apartment to £6m for a penthouse. The whole project is expected to be completed by 2024.

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