Next Battersea owner may need €800 million

Battersea Power Station’s next owner may have to commit £700 million pounds (€816 million) to the derelict London development site before any construction work can be started.

2nd December, 2011
Next Battersea owner may need €800 million
{ }

Battersea Power Station’s next owner may have to commit £700 million pounds (€816 million) to the derelict London development site before any construction work can be started.

Creditors led by Lloyds and Ireland’s National Asset Management Agency will try to recover the entire £502 million owed by the project’s owner by selling the site or the debt, according to two people familiar with the matter.

The existing plan also...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago