Battersea Power Station could be sold for £2 billion: report
The owners of Battersea Power Station, who are based in Malaysia, are reportedly considering selling the building for close to £2 billion.
According to a report by Green Street News, the owners of the landmark building are fielding expressions of interest from prospective buyers.
Permodalan Nasional Berhad (PNB) and Employees’ Provident Fund (EPF) have reportedly drafted advisers to negotiate with interested parties about the prospective sale of the property.
The building is estimated to be valued at around £1.7 billion, and agents are reportedly speculating that it could fetch close to £2 billion on sale.
While the Malaysian owners of Battersea Power Station have hired advisers to engage with potential buyers, it is not confirmed that the building will be sold.
Battersea Power Station was purchased by a consortium in 2012, which was responsible for renovating the building and the surrounding area.
Prior to this, it had remained closed since 1983 after its term as a functional coal-fired power station was ended.
The building recently reopened as a shopping mall and features high-value offices on the top of the structure, which are currently occupied by Apple.
Despite being home to several high-profile businesses and more than 2,200 people, redevelopment of the power station is still technically only half-complete, with another 10 years of development still expected.
The current owners, EPF and PNB, purchased the building in 2018 and continued redevelopment and construction of additional flats and other features within the site.
