KUALA LUMPUR, July 4 — Battersea Power Station has been awarded Property Company of the Year at the Evening Standard’s Business Awards 2017.
In a statement today, Sime Darby Property Bhd said Battersea Power, which beat off strong competition from property heavyweights ‘Land Securities, Grainger and Berkeley Group’ was praised for getting the power station project off the ground after over 30 years.
The award was presented yesterday evening, it said.
Sime Darby Property said Apple was confirmed as a future office tenant and the first resident moving in Circus West Village’s first phase development.
Chief Executive Officer at Battersea Power Station Development Co, Rob Tincknell, said this summer, the rebuilding of Battersea’s four iconic chimneys was completed, marking first tangible signs of its regeneration in more than 30 years.
“Apple has signed as an anchor tenant, and no doubt other prestigious media and art companies will follow their lead. Besides new shops, restaurants and office space, 20,000 new homes will be built. There will also be a six-acre public park, a town square and a major extension to the tube line,” he said.
Sime Darby Property said the award also came at a pivotal time for the development as it prepared for Circus West Village’s official launch of its first phase, later this year.
“The launch would mark the opening of the first shops, restaurants and riverside bars alongside the recently opened Village Hall in South West London,” it said.
The site was bought in 2012 by a consortium of Malaysian shareholders: SP Setia, Sime Darby and Employees Provident Fund.
Restoration of the historic building and regeneration of the wider 16.8-hectare site began in 2013. Presently, over 3,000 people were working on-site, and on completion, some 17,000 jobs would be created.
Work is now under way on tunnelling for the Northern Line Extension, expected to be operational in 2020, the same time as the restored power station and new riverside park to be opened.