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Chelsea FC in bid to buy Battersea Power Station

Chelsea FC has confirmed it will make a significant contribution to the Northern Line extension as part of a plan to buy Battersea Power Station and turn the famous site into a 60,000 seater stadium.

In a statement on its website, the club confirmed its bid, with property development partner Almacantar, and its belief that the site has the potential to become “one of the most iconic football stadiums in the world”.

The club confirmed it would restore the iconic chimneys as part of the bid to provide a unique backdrop to the news stadium, if it is successful.

The club’s development proposal would also include a new town centre with street-level retail shops, affordable housing and offices and the club confirmed it would make “a significant contribution” towards the proposed Northern Line Extension.

It was confirmed in February that the site was being put up for sale, with bids of around half a billion being sought.

An EC Harris report in February stated that a chimney-free Battersea Power station would be worth up to £470 million more to a developer than retaining the iconic London landmarks.

The site’s sale is expected to boost progress on a Northern Line extension through section 106 funding agreements, and current London mayor Boris Johnson set out plans to secure £500m private sector investment in February for the extension.

The statement said:

“We are not the only interested parties and there is no certainty that we will be successful. We also appreciate that we have many significant hurdles to address if we are to build a new stadium on the site, including winning the support of our fans, the CPO shareholders and local Wandsworth residents, as well as securing the approval of Wandsworth Council, the Greater London Authority and heritage authorities.

“We must also stress that making an offer for the Battersea Power Station site does not mean the club has made a definitive decision to leave Stamford Bridge.

“Working with architects and planning experts we have developed a plan to preserve all the significant aspects of Battersea Power Station. The four iconic chimneys and wash towers along with the Grade II* listed west turbine hall and control room will be restored and retained in their original locations and provide a unique architectural backdrop to a world-class stadium with a capacity of around 60,000 seats.”

The club has initial proposals to build a stadium that would include a 15,000-all seated one-tier stand behind the south goal which it said was “likely to be the biggest one-tier stand in football”.

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