LONDON (Sept 21): As the New Zone 1 London Underground station officially opened, it will be the major boost for the regeneration of Battersea Power Station (BPS), the project owned by consortium formed by S P Setia, Sime Darby Property and The Employees’ Provident Fund.
According to the statement issued by BPS Development Company Limited, the company has contributed over £300 million (RM1.7 billion) to the Northern Line Extension (NLE), which runs from Kennington to BPS via Nine Elms.
With its very own Zone 1 London Underground station opened, it is expected to draw Londoners, international visitors and workers from across the capital with journey times to the West End and the city taking approximately 15 minutes, boosting the local economy and creating over 17,000 jobs.
“The launch of the NLE is an historic moment in British transport history and we are delighted to have been able to support and contribute to this pivotal infrastructure project, which is set to significantly enhance the connectivity of this part of London.
This is a proud day for Malaysia and all those involved in transforming the historic iconic Power Station and its surrounding area, being the largest Malaysian investment in the United Kingdom into a new destination where people can live, work and enjoy,” said Battersea Project Holding Company chairman Datuk Ahmad Pardas Senin.
Meanwhile, chairman of BSP Development Datuk Wong Tuck Wai said the NLE is a gamechanger for Battersea and Nine Elms, which will make BPS one of the most well-connected destinations in the capital.
CEO of BPS Development Simon Murphy added that the improving transport links and connectivity to this area of London has been fundamental to the development from the very beginning. It is also very crucial to the grand opening of BPS next year.
Once open to the public next year, BPS will house over 100 shops, bars and restaurants, as well as unique events and leisure spaces, including the Chimney Lift Experience, which will be operated by global events and entertainment leader, IMG.
The glass elevator will transport visitors 109m up inside one of the Power Station’s iconic chimneys before they emerge at the top to enjoy unrivalled 360o views of the capital’s skyline.
In the progress is also the Electric Boulevard, a new high street which runs from the south of the Power Station, between the Frank Gehry designed Prospect Place and Foster + Partners’ Battersea Roof Gardens to the new Battersea Power Station Zone 1 Underground station.
Opening next year alongside the Power Station, Electric Boulevard will offer a mix of office space, shops, bars and restaurants, a park, community centre and a new 164 room hotel from art’otel®, the brand's first hotel to open in London.