London’s Battersea Power Station finally reopens after £9bn renovation
After 40 years of aborted plans, Battersea Power Station is finally opening its doors in a test of whether a glitzy £9bn renovation project can take-off while the wider UK economy slows.
The 2008 financial crash caused the last attempt to revive the 1930s building to go bust. But this time, the Malaysia-backed developer believes this economic downturn will not hamper plans to create a new district of homes, retail and leisure on the river Thames in London.
Speaking ahead of the public launch on Friday, Simon Murphy, boss of the Battersea Power Station Development Company, said “in terms of opening [now], we continue to be confident”.
This story originally appeared on: Financial Times - Author:Daniel Thomas
