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Business News

Déjà vu? New £5.5bn plan for Battersea Power Station

A new planning application for a £5.5bn scheme to redevelop Battersea Power Station has been unveiled.

The plan would see 3,700 homes built alongside offices, shops and restaurants on a 40-acre site by the River Thames in south-west London. The landmark building would become home to a conference centre and its four famous chimneys would be restored. Two turbine halls and the station's control rooms would be opened to the public and a six-acre riverside park developed on the riverside north of the building.

The application, registered with Wandsworth Council by the developer Treasury Holdings UK, comes after a year-long consultation process.

The Grade II* listed power station was closed in 1983 and has been the subject of a number of proposals for redevelopment, including an "urban circus and Roman-style spa baths" by the Canadian company Cirque du Soleil, a indoor theme park by a consortium including Alton Towers, a shopping mall and a biomass power station.