London Mayor Boris Johnson has approved the proposed £5.5 billion regeneration of Giles Gilbert Scott’s Grade II-listed Battersea power station
Masterplanned by Rafael Viñoly, the project brings closer the long-awaited overhaul of the south London icon, which has sat empty since 1983, as well as an extension of the Tube’s Northern line.
It will also mean the creation of 25,000 jobs - 15,000 of them within the power station building - and the construction of 16,000 homes.
The power station redevelopment proposal has been put forward by the Real Estate Opportunities (REO) company. It includes a commitment from the developers of more than £200 million in funding towards a two-station extension of the Northern line from Kennington.
Johnson said: ‘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.
‘The building was once a vital motor helping to power the capital. With its future secured through this regeneration, it will once again play a part in driving London’s economy.’
REO hopes to start submitting detailed plans next year and start on site in 2012.
Previous story (12.11.10)
Raft of contests promised as Battersea Power Station wins approval
The developer behind the long-awaited regeneration of Battersea Power Station has said it is looking for ‘exciting and innovative’ practices to take the scheme forward
Last night (November 11) Wandsworth Council approved four linked planning applications for the £5.5 billion regeneration of Giles Gilbert Scott’s Grade II-listed Thames-side icon in south London which has been masterplanned by Rafael Viñoly.
Speaking this morning Rob Tincknell, director of project backer Real Estate Opportunities (REO), said there would be a series of contests to find practices to realise the redevelopment which will be split in to nine phases and numerous ‘sub-phases’.
A competition to find an architect to oversee phase one of the 13-year scheme, which includes around 100,000m² of residential use on a plot to the west of the abandoned power station, will be launched before Christmas.
Tincknell said: ‘It will an innovative process, not like a typical architectural design contest. This is a very big project and we want a variety of architects to work on the site.
‘We are looking at architects who can innovate and have really exciting skills. We are not necessarily looking for the biggest practice just because Battersea Power Station is one of the biggest regeneration projects.’
Although yet to receive the rubberstamp from London mayor Boris Johnson or the Secretary of State, REO hopes to start submitting detailed plans next year and start on site in 2012.
The scheme includes a £200m investment towards a two station extension of the Northern line from Kennington, with a new tube station at the power station site and another at Wandsworth Road to serve the eastern part of Nine Elms and surrounding area. A pedestrian high street with public amenities and community spaces is also part of the master plan.
The project is set to create more than 3,400 new homes and 15,000 new job and training opportunities across the 40-acre site.
Planning application committee chairman Nick Cuff said: ‘There is still a great deal of work to be done but this is an important step forward and will give the area’s other major investors the confidence to press ahead with their plans.’
Since it’s decommission in 1983, the ‘iconic’ four chimney Power Station in Nine Elms, south London has suffered numerous failed development plans from successive site owners. Real Estate Opportunities purchased the site from Hong Kong-based development company, Parkview International in November 2006.
REO is still looking for a fundingpartner who can go ‘50:50’ on the scheme and has already spoken to a range of interested parites including, property developers, consortia and unnamed wealthy families around the globe.