KUALA LUMPUR (May 2): Planning consent has been granted for the next phase of Battersea Power Station\u2019s regeneration in London, a key milestone in the 16.99-hectare (42-acre) development.<\/p>\n
Battersea Power Station Development Company (BPSDC) Ltd confirmed that the new phase will include residential, retail, community, and leisure spaces, with detailed planning approval from Wandsworth Council.<\/p>\n
\u201cThis latest phase adds two new Gehry Partners-designed residential buildings, comprising 306 homes,\u201d BPSDC said in a statement.<\/p>\n
It said the development will also feature a 15,000 sq ft community hub and create over 400 jobs, increasing the total number of jobs generated to 6,800.<\/p>\n
Construction is set to begin later this year, with completion expected by 2029.<\/p>\n
To date, more than 2,200 homes have been delivered, and over 3,000 people now reside in the area.<\/p>\n
The development also supports a growing office community, with over 3,500 workers from companies such as Apple, SharkNinja, and IWG.<\/p>\n
Battersea Power Station is part of a broader regeneration programme spanning 42 acres along the River Thames. Once completed, the project is expected to create over 20,000 jobs, 4,000 homes, and 19 acres of public space.<\/p>\n
The wider development is owned by a consortium of Malaysian investors: Sime Darby Property Bhd (KL:SIMEPROP<\/a>) (40%), S P Setia Bhd (KL:SPSETIA<\/a>)\u00a0(40%), and The Employees\u2019 Provident Fund (EPF) (20%). Commercial assets within the power station are now directly owned by Permodalan Nasional Bhd (PNB) and the EPF.<\/p>\n The project is managed by BPSDC.<\/p>\n