Real Estate Opportunities, the property group majority-owned by Dublin-based Treasury Holdings, is to complete the purchase of Battersea Power Station today
The decision to buy the Wandsworth site for about £400m from Victor Hwang’s Parkview, was ratified at an extraordinary general meeting held this morning.
In a statement, the company said: ‘Completion of the acquisition of Battersea Power Station and surrounding lands in the London Borough of Wandsworth is expected to take place later today.’
The 38-acre (15.4ha) power station site has had numerous redevelopment proposals made for it since it ceased operation in 1982. It is unclear exactly what Real Estate Opportunities is planning for the site, however it is likely to include a substantial housing element.