Battersea Power Station
Following the official launch event of Battersea Power Station in September 2012, G&T was appointed as cost manager consultants by the Battersea Project Land Company for the first phase of the project.
The first phase of the development will consist of multiple residential buildings containing a total of 800 apartments standing above a commercial podium which will include retail, restaurants, gym, pool, spa, theatre and office studios. A new six-acre park, open to the public, adjacent to the river and directly linking to the 200 acre Battersea Park next-door, will form the setting for the new buildings. This phase will be self-contained.
The site was acquired, following an open market tender, for £400 million through a special purpose vehicle known as Battersea Project Holding Company Ltd (BPHC) in which S P Setia and Sime Darby have a 40% stake each with EPF holding the remaining 20%. The finished project will be worth £8billion and will generate significant contributions to the UK economy. The development will create about 26,000 jobs, both through direct and indirect employment, and training opportunities supported by a local employment agreement.