London Battersea developer's profit forecast falls as costs rise
Station on course to achieve less than half of original return target
The developer of London’s Battersea Power Station is on course to achieve less than half of its original return target as costs rise and wider economic uncertainty damps demand for the most expensive homes.
Battersea Power Station Development will generate an initial rate of return, a measure of profitability, of 8.2 per cent based on current projections compared to a 20 per cent target before borrowings agreed at the start of the project, ...
