Treasury Holdings is delighted to welcome the approval of The Rt Hon Eric Pickles MP, Secretary of State for Communities and Local Government, for the planning application for the Battersea Power Station site. His decision follows that of the Mayor of London Boris Johnson in December 2010, one month after Wandsworth Council approved the scheme.  This marks the final decision in the planning application process, with development of the site now due to commence in 2012.

 

The development, which will be the largest ever in Central London, will create a vibrant new community just one mile from Westminster, and serve as a catalyst for the regeneration of the Nine Elms Opportunity Area. The scheme is expected to generate approximately 15,000 new jobs and training opportunities for the area, and will also include a new underground station on the proposed extension of the Northern Line from Kennington to Nine Elms and Battersea.

Rob Tincknell, Managing Director of Treasury Holdings, said:

“We are delighted to have received final approval for the scheme and would like to thank the local community, Wandsworth Council, the Mayor of London, and the Secretary of State for their support and valuable engagement throughout the process. Following productive talks with a number of potential investors, we now look forward to bringing an investment partner on board and commencing with the development of the site and the regeneration of the power station.”