Battersea Power Station secures £280mil refinancing loan
The company says it has submitted a revised master plan for the remaining undeveloped land at the 42-acre site.
The Battersea Power Station Development Company (BPSDC) Ltd has secured a £280 million refinancing facility to fund the further development of the 15.9-acre riverside neighbourhood in London. This demonstrates lenders' confidence in the project's track record, commercial performance, and readiness to progress to the next stages.
BPSDC CFO Siew Chee Seng noted this continued support reflects positive feedback on the transformation achieved thus far, from restoring the Grade II-listed power station to creating a thriving riverside community. The company recently submitted a revised master plan for the undeveloped land, proposing up to 3.2 million square feet of residential, commercial, and leisure space, more than double the space developed so far.
Construction on Prospect Place South, including 300 housing units, 65,000 square feet of commercial space, and a 15,000 square feet community hub, is set to begin in early 2027 with planning permission granted.
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- Battersea Power Station secures £280mil refinancing loan freemalaysiatoday.com
