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London’s iconic Battersea Power Station on the South Bank of the Thames will be redeveloped as luxury apartments, and many of the buyers hail from China and Singapore.
London’s iconic Battersea Power Station on the South Bank of the Thames will be redeveloped as luxury apartments, and many of the buyers hail from China and Singapore.
(PHOTODISC)

CARL MORTISHED

Unreported Chinese income casting a long shadow

A crumbling hulk of 1930s art deco grandeur, the Battersea Power Station in London casts a long shadow but not as long as the queue that formed to buy a piece of the building. A Malaysian consortium is transforming the brick colossus, made famous on a Pink Floyd album cover, into swanky apartments, pools and garden penthouses and almost every one of the 866 flats was sold within a few months of the off-plan marketing launch in Singapore and Hong Kong.