"Battersea Power Station has been completely and utterly transformed over the past decade. After fully retiring as a working power station in the 1980s, it sat empty and deteriorating for the next 30 years. In 2012 it was rescued by a consortium of Malaysian investors and in 2022 it finally opened as the behemoth retail and leisure destination it is today. Now, the owners of Battersea Power Station are apparently looking to put it on the market. If they do decide to go ahead"
"The landmark, which cost roughly £5 billion to bring back to life, is owned by Malaysian state-owned investor Permodalan Nasional Berhad (PNB) and the Employees' Provident Fund (EPF), Malaysia's main pension fund. They were both part of the wider Malaysian consortium that bought the site in 2012 for around £400 million and then bought the commercial elements of the project - which includes the shops, Apple's offices and the Chimney Lift visitor attraction - from the consortium in 2019 for £1.6bn."
Battersea Power Station was decommissioned in the 1980s and remained derelict for about 30 years before a Malaysian consortium purchased the site in 2012. The site underwent a roughly £5 billion restoration and reopened in 2022 as a large retail and leisure destination. Malaysian state-owned investor PNB and the Employees' Provident Fund later acquired the commercial elements, paying £1.6bn in 2019. Advisers from BNP Paribas have been engaged to gauge interest from potential buyers, with agents suggesting a possible sale price of about £2 billion. Any sale would exclude the residential apartments and is not yet confirmed.
Read at Time Out London
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