Battersea Power Station

Published September 25, 2010 | By Bman

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proposal

In 1993, the site and its outstanding debt of 70 million were bought from the Bank of America by Hong Kong based development company, Parkview International, for 10 million. Following resolution of creditors’ claims, it acquired the freehold title in May 1996. In November 1996 plans for the redevelopment of the site were submitted and outline consent was received in May 1997. Detailed consent for much of the site was granted in August 2000, and the rest in May 2001. The company received full possession of the site in 2003. Having purchased the site, Parkview started work on a 1.1 billion project to restore the building and to redevelop the site into a retail, housing and leisure complex.

Parkview’s project plan, called simply “The Power Station”, was masterminded by architect Nicholas Grimshaw. The scheme proposed a shopping mall, with 40

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