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
Haworth Tompkins-designed Battersea Arts Centre, London, UK, enters final restoration and redevelopment phase
Thu 30 Oct 2014
UK Architects remain confident on future workloads – RIBA
Thu 30 Oct 2014
Eurasian Prize 2015 now open for entries
Thu 30 Oct 2014
Tall Storeys - Retrospective on Hong Kong Architecture
Wed 29 Oct 2014
Pritzker Architecture Prize welcomes Benedetta Tagliabue to the Jury
Wed 29 Oct 2014
JLL, ISG and John Robertson architects complete London’s 450,000 sq ft Aldwych Quarter Scheme
Wed 29 Oct 2014
Switzerland’s Kulturtankstelle Döttingen dedicates itself to architecture with winter exhibition
Wed 29 Oct 2014
Benoy celebrates opening of Dostyk Plaza shopping centre in Kazakhstan
Tue 28 Oct 2014