SEARCH IN BRIEF

 
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.

IN BRIEF
Thursday 16 February 2012
Rising star gone too soon - Randall Stout dies at 56
Fri 25 Jul 2014
Maggie's Cultural Crawl tickets now available
Fri 25 Jul 2014
Post Tower wins CTBUH 10 Year Award
Fri 25 Jul 2014
Two winners announced for Archifest Pavilion
Thu 24 Jul 2014
Jane Duncan selected as next President of the Royal Institute of British Architects
Thu 24 Jul 2014
Longo Park Design Workshop's Jay Longo and Jennifer Park to join Forum Studio
Wed 23 Jul 2014
Three experts in sports design relocate from HKS Sports (Dallas) to Gensler
Wed 23 Jul 2014
"Are transport destinations the next typology?"
Tue 22 Jul 2014