Finance

Malaysian groups splash out £1.6bn to buy Battersea Power Station building

By 2018-12-17T08:19:00

Battersea Power Station

Source: Shutterstock/Peter Wallace

Two Malaysian investors have paid £1.6bn to buy the iconic Battersea Power Station building, which sits within phase two of the wider 42-acre scheme in south west London.

Battersea Power Station Development Company (BPSDC) has struck a deal with Permodalan Nasional Berhad (PNB) and The Employees Provident Fund Board of Malaysia (EPF) for the groups to acquire the commercial assets within the former power station. Phase two comprises the power station building itself, which accounts for some six acres of the overall development.

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