Treasury looks for Battersea funding partner
Published: 24 March, 2010
Treasury's UK arm, Real Estate Opportunities, has appointed Cushman & Wakefield to secure funding for the redevelopment of London' Battersea Power Station.
The long-awaited 40-acre scheme is one of the largest in the UK and will redevelop the last significant piece of largely unused land in central London. With a redeveloped power station at its heart, the mixed use scheme will comprise around 8.3m sq ft of retail, offices, leisure and residential.
Architect Rafael Vinoly has led the masterplanning process and in February the government's architecture and urban design agency, The Commission for Architecture and the Built Environment (Cabe), praised the "intelligent" design.
Treasury managing director Rob Tincknell said: "We are busy at the moment preparing for more detailed discussions with potential investors which will take place once we are closer to securing planning permission. We are extremely confident that the location, scale and nature of the project will attract global investors."
