KUALA LUMPUR – The Battersea Power Station’s second phase of development will open to the public next year, said Battersea Power Station Development Company Ltd (BPSDC).
In a statement today, it said the phase will house over 100 shops and eateries, an event venue with a 1,400-person capacity, a unique chimney lift experience offering a 360° panoramic view of the London skyline, an office space, and 254 residential apartments.
It said the site was visited by Transport Minister Datuk Seri Wee Ka Siong, who witnessed the transformation of the Malaysia-owned regeneration project into a new, vibrant neighbourhood with a fully integrated public transport network.
Wee said the Battersea Power Station is an example of Malaysian companies’ ability to create and add value to places outside of the country, regenerating zones that were left unused for decades, and turning these into a valuable investment.
“As part of our tour, we were shown the project’s impressive integration into public transport networks, which we should look to emulate back home to help enhance accessibility and value for our key stakeholders.”
He was joined by United Kingdom trade envoy to Malaysia Richard Graham, and welcomed by Battersea Project Holding Company (BPHC) chairman Datuk Jagan Sabapathy and BPSDC chief executive Simon Murphy.
BPSDC said Wee travelled on the newly opened extension to the Northern Line and arrived at the development via the brand new Zone 1 Battersea Power Station underground station, which received £300 million (RM1.7 billion) in developer contributions from the project and opened last month.
It said the investment by Malaysian shareholders, namely Sime Darby Property Bhd (SDP), SP Setia Bhd and Employees Provident Fund (EPF), has been instrumental in providing the much-needed new public transport infrastructure that will benefit residents and businesses, as well as the tens of millions of visitors expected once the project opens to the public.
“The enhanced transport links, which consist of a new Tube station, river bus service, buses and bikes, have not only unlocked accessibility for this part of London, but also enabled socio-economic improvement opportunities for the community.”
Graham said: “It has been a long journey for Malaysian investors and the Battersea Power Station team, but there are now masses of light in the tunnel, and we can all see this will be Europe’s most exciting new urban destination.
“A big opening in Jubilee Year 2022 will be a great moment for the UK and Malaysia to celebrate together. My hope now is that we can create similarly successful partnerships for projects in Malaysia.”
The Battersea Power Station is developed by a consortium comprising SDP, SP Setia and EPF, while the management of the development is being undertaken by BPSDC. – Bernama, October 16, 2021
