First phase of Battersea Power Station project achieves sales of RM3.12 billion

KUALA LUMPUR: The Battersea Power Station Development Company has confirmed sales of RM3.12 billion (£681 million) under the firstphase, known as Circus West, in London.

In a statement today, it said the sales contract was formally entered into with buyers of 824 units or 95 per cent of apartments and townhouses, since sales commenced in January this year. Onsite building works are expected to commence in July 2013 with completion of phase one anticipated in 2016 or 2017.

Company chief executive officer Rob Tincknell said he is happy with the response, both in the United Kingdom (UK) and abroad.

"Since our UK launch in early January, we've seen phenomenal interest which has continued unabated over the last few months, enabling us to secure committed sales of RM3.12 billion to date, making Circus West at Battersea Power Station, one of the fastest sales developments in London in recent years," he added.

The Circus West at Battersea Power Station is a mix of 866 one, two and three-bedroom apartments, townhouses and penthouses as well as a blend of offices, shops, leisure and hospitality. This July 2013 will see the opening of The Pavilion, the first substantial new structure to be built on the site, since the iconic Power Station itself.

Battersea Power Station Development Company is a joint venture, ultimately owned by SP Setia Bhd with 40 per cent stake, Sime Darby with 40% and the remaining equity held by the Employees Provident Fund. - Bernama