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Battersea Power Station redevelopment plans are full steam ahead, insists owner

Parkview International has denied rumours that Battersea Power Station has been put up for sale or that Grimshaw's plans for the famous site are under threat.

While the developer has confirmed that it has entered into discussions with Ballymore Properties, it insisted that no decision has been reached over the site's future.

In a statement, a Parkview spokesperson confirmed that the firm was 'implementing its financing strategy' for its plans to redevelop Battersea.

Parkview's plan is for a comprehensive conversion of the Giles Gilbert-Scott-designed power station into a scheme containing a mix of retail, restaurant, bar and leisure space, as well as offices, hotels and flats on the surrounding land.

As a result of Parkview's 'financing strategy', it is seeking interest from a number of prospective investors, partners and operators.

The spokesperson continued: 'Ballymore Properties is one such organisation and is in the process of developing proposals for Parkview to consider.

'It should be noted that no agreement has been reached with Ballymore and, given the advanced stage of planning, it is highly unlikely that any agreement with any prospective investor or partner would have any material effect on the mixed-use scheme being developed by Parkview.

'Any suggestion otherwise should be considered uninformed speculation.'

by Rob Sharp

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