S P Setia gets FIABCI heritage recognition for Battersea Power Station

S P Setia Bhd has been presented the Heritage Award of the FIABCI World Prix D’Excellence Awards 2024 in Singapore on May 30 for Battersea Power Station.

S P Setia was part of the Malaysian consortium along with Sime Darby Property Bhd, Employees Provident Fund and Permodalan Nasional Bhd that gave new life to the London landmark.

“We are really honoured to receive this recognition for breathing new life into this iconic London landmark. It is all about how we have managed to preserve its history, façade and old charm while bringing in newness in our offerings, retail mix in the development. This award drives us to continue to push our boundaries in the foreign market,” said S P Setia CEO and president Datuk Choong Kai Wai.

The group also received certificates from the Ministry of Housing and Local Government (KPKT) at their awards excellence ceremony to celebrate the gold award winners of the FIABCI World Prix D’Excellence Awards 2024 in Putrajaya on June 7.

S P Setia chief operating officer Datuk Zaini Yusoff, who was present at the ceremony, said the recognition of the gold awards by KPKT encompassed the company’s previous wins from their developments.

To date, S P Setia holds the world record for the highest number of gold award wins across the globe, with a total of 17 FIABCI World Gold Prix d’Excellence Awards.

Poised to be London’s next bustling hub and destination, the fresh Battersea Power Station has a gross development value (GDV) of an estimated £9 billion (RM52 billion) and was purchased by its current shareholders in 2012.

It comprises 42 acres of prime land and real estate in London, which includes a 3.5 million sq ft of mixed use commercial space, 4,000 residences and hotel, the 164-room art’otel London Battersea Power Station.

“The regeneration development is a testament to Setia’s (and its respective shareholders’) dedication in championing sustainability. Its values resonate with Setia’s commitment to environmental and social responsibility, which are parallel with the group’s vision to be one of the leaders in creating sustainable communities,” stated the developer in a media release.