Battersea Power Station remains one of London’s most recognisable landmarks, despite being out of commission for more than 30 years.
Looming over the capital’s south bank, this Grade-II listed super-station was once responsible for generating electricity for thousands of homes.
However in 1983, the station ceased generating electricity and was left abandoned.
Now, though, the former power station is being transformed into a glitzy new commercial quarter and is part of a mammoth regeneration of the area.
It sits at the heart of the 195 ha Nine Elms development site and marks construction phase two of the overall scheme.
Unsurprisingly, the area is being eyed with massive interest by developers, and today it was announced that heavyweight US-based real estate developer Greystar has got a slice of the Nine Elms pie.
The developer has purchased land in the area formerly owned by the Royal Mail for £101m and plans to construct 894 build-to-rent homes.
Telford Homes has sealed a deal with Greystar and will build the luxury pads.
However, bringing the iconic area back to life has not been plain sailing so far. A churn-over of contractors has ensued since construction of the area began.
Most recently, Bouygues announced it would be exiting phase three in March.
Construction News revealed Sir Robert McAlpine had taken up the baton from Bouygues and will now act as main contractor of the scheme.
And to the north of the site lies the £900m, 56-storey One Nine Elms, which has also seen a turnover of contractors.
Interserve was originally selected as main contractor in a joint venture with China State Construction Engineering Corporation in April 2015.
However, the project was re-tendered in March 2016 after client and contractor failed to agree a price.
Balfour Beatty took over as main contractor in July last year, but pulled out after failing to agree terms on the main build contract.
Multiplex was next appointed on the job in January, marking the third contractor to have worked on the scheme.
Battersea Power Station Development Corporation has also rejigged its affordable homes plan for phase three.
It is understood BPSDC relocated more than 100 affordable homes to a later phase to “ease challenges” including “wider economic changes”.
And following the Battersea Power Station project director’s resignation last month, we are yet to hear word on who will take over from Aidan McLeod on this mega project.
However, one thing is for certain: when completed, this high-profile project is set to bring massive benefits to the area, with tech giant Apple and the US Embassy gearing up to move into the Nine Elms area.
Let’s hope the rest of the project will be delivered smoothly, with the station brought back to its former glory.