Carillion preferred bidder for Battersea Power Station redevelopment

UK construction company Carillion has been selected as the preferred bidder to deliver the 400m pounds first phase of redevelopment at London's Battersea Power Station.

UK construction company Carillion has been selected as the preferred bidder to deliver the 400m pounds first phase of redevelopment at London's Battersea Power Station.

The redevelopment comprises 866 apartments, including 11 penthouses, along with retail facilities, theatre space and business studios.

It covers two blocks and is built on a podium with two levels of basement parking.

Advertisement - Article continues below

The project, located within the area bounded by Battersea Power Station to the east, forms part of the overall strategy to create a high-density, mixed-use development around the restored former Grade II Power Station.

The main block will vary in height from eight storeys, 18 storeys and 12 storeys. The second block will be eight storeys high.

Main construction works for the first phase of the project will begin in summer and are scheduled for completion in 2016.

The Battersea Power Station development site is owned by a Malaysian consortium of S P Setia, Sime Darby Property and Employees' Provident Fund.

The development is being managed by British firm Battersea Power Station Development Company.

"We are delighted to have been selected as the preferred bidder for this prestigious project, which I believe reflects Carillion's reputation for delivering high-quality, value for money projects," said Carillion's Chief Executive, Richard Howson.

"We look forward to working in partnership with the Battersea Power Station Development Company to deliver this iconic project that will make a major contribution to the transformation of this historic site."

It brings the total value of new orders and probable orders for Carillion in 2013 to some £2.6bn, he added.




Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular


House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

Have small companies lost their edge?

SPONSORED CONTENT – The tectonic plates beneath the modern investing landscape appear to have started moving in new directions
26 Jun 2020