New report shows developers could save £450m+ by flattening Battersea Power Station

Reuters has released the results of an analysis it commissioned from property consultancy EC Harris for Battersea Power Station in London which suggest that by demolishing the entire building - including its four chimneys - developers could make in excess of £450m.

The firm explains: “EC Harris calculates that after demolition and based on current density plans for housing, a developer could build 1,200 apartments where the building stands and sell them for an extra £470m pounds. Flattening Europe’s largest brick structure and its four chimneys would save estimated renovation costs of about £500m, roughly equivalent to the cost of demolition and apartment construction combined.”

Various ambitious schemes for the heritage building have emerged over the years, with the latest - Rafael Vinoly Architects’ design for Real Estate Opportunities - falling through at the last hurdle in November 2011. Chelsea football club are also considering transforming the site into a 55,000-60,000 capacity stadium.

Thursday 16 February 2012
Green light for Maggie's Centre in Manchester by Foster + Partners
Fri 11 Apr 2014
Three finalists for International Financial Centre competition in Rublyovo-Arkhangelskoye
Fri 11 Apr 2014
Colwyn Foulkes & Partners receives planning for first new build at Kensington Palace Gardens for 100+ years
Thu 10 Apr 2014
Tamayouz Lifetime Achievement Award presented to Dr Mohamed Saleh Makiya
Wed 09 Apr 2014
Julian Gitsham to join HASSELL from Feilden Clegg Bradley Studios
Tue 08 Apr 2014
Bowlarama: California Bowling Architecture 1954-1964
Tue 08 Apr 2014
‘Russian Character’ International Architecture Competition shortlist announced
Tue 08 Apr 2014
Proton Beam Therapy unit to start onsite in Manchester (UK) in 2016
Tue 01 Apr 2014