Battersea Power Station's £1.58bn deal completes

By Guy Montague-Jones2019-03-14T10:43:00

Battersea Power Station from north of river

Battersea Power Station Development Company (BPSDC) has announced that the sale of the Grade II* listed power station building has now completed.

The new owners are Permodalan Nasional Berhad (PNB), which is one of the largest asset management companies in Malaysia, and The Employees Provident Fund of Malaysia (EPF). They have made the acquisition through a joint venture, of which they own 65% and 35% respectively, for a total purchase price of £1,583m.

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