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dipsydoodle

(42,239 posts)
Thu Jun 7, 2012, 06:31 AM Jun 2012

Battersea Power Station sale: Malaysian company beats Chelsea bid

Last edited Thu Jun 7, 2012, 07:29 AM - Edit history (1)

Battersea Power Station in London has been sold to a Malaysian company, beating a rival bid from Chelsea Football Club.

SP Setia and Sime Darby have bought the 39-acre (15 hectare) site on the south bank of the River Thames for £400m.

In a statement, joint administrators from Ernst and Young said it had entered into an exclusivity agreement with the company.

Chelsea was one of 15 bidders for the former power station.

http://www.bbc.co.uk/news/uk-england-london-18352786



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Battersea Power Station sale: Malaysian company beats Chelsea bid (Original Post) dipsydoodle Jun 2012 OP
Do you have a link? T_i_B Jun 2012 #1
Apologies - I've added it now. dipsydoodle Jun 2012 #2
Thanks T_i_B Jun 2012 #3
SP Setia, Sime Darby to redevelop iconic Battersea Power Station dipsydoodle Jun 2012 #4
Animals - One of the greatest albums of all time.. truebrit71 Jun 2012 #5

dipsydoodle

(42,239 posts)
4. SP Setia, Sime Darby to redevelop iconic Battersea Power Station
Thu Jun 7, 2012, 07:55 AM
Jun 2012

(Reuters) - Malaysia's SP Setia Bhd (SETI.KL) and Sime Darby Bhd's (SIME.KL) property arm won the right to redevelop the Battersea Power Station, beating a rival bid from Chelsea Football Club looking to move its stadium to the London landmark.

About 15 bidders including Chelsea, owned by Russian billionaire Roman Abramovich, submitted plans last month to buy the protected 15-hectare site on the south bank of the River Thames, the subject of repeated failed redevelopment attempts in the three decades since it shut.

The Malaysian companies have inked an exclusivity agreement with Alan Bloom and Alan Hudson of Ernst & Young LLP ERNY.UL, the joint administrators and receivers of the property, to acquire the site for 400 million pounds ($618.38 million), SP Setia and Sime Darby said in a joint statement on Thursday.

>

The site came on to the market after a 5.5 billion pound plan by Irish developer Treasury Holdings for homes, shops and offices collapsed in December.

http://uk.reuters.com/article/2012/06/07/uk-spsetia-simedarby-battersea-idUKBRE85608920120607

I'm guessing they will adopt the current planning application, more or less, which includes an extension to the Northern Line.

 

truebrit71

(20,805 posts)
5. Animals - One of the greatest albums of all time..
Thu Jun 7, 2012, 01:23 PM
Jun 2012

Whatever they do with it, I hope it includes a bloody great pink pig...

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