Real Estate Opportunities, the owner of Battersea Power Station in south London, is plotting to raise more than £100m in a share placing to start construction on the landmark site, which has been derelict for 25 years. The Times. Financial Times

REO said yesterday that it wanted to raise an undisclosed sum to buy several properties from Treasury Holdings, the private Irish group that controls 58% of the company.

Treasury also announced it had succeeded in refloating China Real Estate Opportunities.