Battersea Power Station development gets go ahead from London Mayor.
The Battersea office and retail development has got the green light from Boris Johnson.
The Battersea Power Station office development has been approved by the London Mayor, Boris Johnson.
The £5.5 billion revamp will feature office space, retail outlets and leisure facilities. The development will also feature two new Tube stations along the Northern Line.
The redevelopment plans by Real Estate Opportunities for the Battersea Power Station and it’s surrounding area will result in the the creation of 25,000 jobs as well as the construction of around 16,000 homes.
“Battersea Power Station has long been an iconic feature of the capital’s skyline, and these plans will make sure that status is retained for years to come,” commented Boris Johnson.
The power station itself is considered to be something of a London landmark and will be converted in the future to also produce green energy. However, somewhat controversially, the iconic chimneys are to be demolished as they have been found to be beyond repair.
“With its future secured through this regeneration, it will once again play a part in driving London’s economy,” said the London Mayor.
Currently Battersea Power Station is a Grade II listed building. Originally opened in 1933 the station has produced energy for the country since 1983.
The entire project, including the rebuilding of the chimneys and the complete restoration of the power station, is expected to be completed by 2016.