Buyers express interest in power station

Published: Tuesday 20th December 11

The administrator handling the sale of Battersea Power Station has confirmed it expects the site to go on the market early in the New Year.

Ernst & Young say the sale could take up to nine months to complete.

The site's previous owners went into administration last week.

A number of major players have already registered an interest in buying the 55 acre power station site which is located within the Vauxhall, Nine Elms, Battersea Opportunity Area - the largest regeneration zone in central London.

Ravi Govindia, leader of Wandsworth Council, met with E&Y representatives yesterday (Monday).

He said: "This is by far the biggest opportunity in Nine Elms. It comes with planning consent for 750,000 square metres of development including a new town centre, 3,400 new homes and a Government backed-plan for a new Tube connection.

"The planning framework here is based on the delivery of two new Northern Line stations. This is key to creating 25,000 new jobs and unlocking billions in growth and new inward investment throughout the wider Vauxhall Nine Elms area.

"We are excited about the prospects for this prominent site and look forward to working with Ernst & Young as they seek a buyer with the commitment to take this forward."

Alan Bloom, Global Head of Corporate Restructuring at E&Y, said: "We are looking forward to a continued constructive dialogue with Wandsworth Council."

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Recent comments

Great, Wandsworth Council bang on the money again. Not only did they let the first lot gut and ruin the building in the mid 80s they have been presiding slack jawed over this disaster since. Lucky we have such expertise on the council to sort it out now... oh hold on!
Chris Long

23 December 2011

Longtime resident

20 December 2011

We've heard this story too many times to be "excited"!!! Pigs may fly.
Celia Blair

20 December 2011