Transformation of London’s iconic Battersea Power Station

Embarking on a journey through time and innovation, London’s Battersea Power Station on the South bank of the Thames has emerged as a regeneration marvel from its coal-fired past. The Grade II listed power station building takes centre stage as it features all the latest additions of the 21st century while still retaining its classic Art Deco architecture of the previous century. This masterplan isn’t just a story of preservation, as this once 42-acre industrial site is now a vibrant retail and residential destination with strong investment potential.

Evolution of the new Battersea Power Station

Almost four decades after its decommissioning, the power station administrators and a consortium of Malaysian investors decided to develop the site into a modern marvel featuring a vibrant mix of shops, bars, restaurants, offices and stylish homes. Built across eight phases, the project is estimated to cost £9 billion and involves the expertise of top British and American architects.

While Phase 1, also called the Circus West Village and featuring over 850 homes and 23 retail establishments, was completed in 2017, the Northern Line extension via the Battersea Power Station terminus became operational in 2021. The main power station building was opened to the public in October 2022 and is home to Apple’s new 5,000 sq. ft London headquarters, among many other retail establishments, Turbine Theatre and hundreds of new homes.

19 acres of public space and river frontage

Over 25,000 people will live and work at the new power station once the development is fully ready. Out of the total 19 acres of public space available at the site, six acres have been dedicated to a public park with 450 metres of river frontage.

For residents living at Battersea Power Station, amenities include a 24-concierge, private gardens, state-of-the-art gyms, a large swimming pool, steam rooms, sauna and jacuzzi. Residents also get access to a private club, which feature a selection of bars, cosy lounge areas, dining rooms, cinemas and workspaces.

A well-connected Zone 1 destination

Battersea Power Station is a Zone 1 neighbourhood, and it is well-connected to central London via road, rail and waterways. In addition to frequent bus services from Chelsea Bridge Road and Pump House Lane, visitors and residents can also hop on the Tube via the on-site Underground Station on the Northern Line. The Circle, District and Victoria lines are easily accessible from nearby Sloane Square, Victoria and Vauxhall stations.

Increase in sales and rental demand

Battersea Power Station, with neighbouring Nine Elms and Vauxhall are central London’s largest regeneration areas. The new power station development alone recorded over £500 million in residential sales in 2022 and is poised for further growth as properties worth £1.1bn were completed and handed over.

With the creation of over 17,000 new jobs in and around the power station, both sales and rental demand have increased significantly. Zoopla recorded a 25% increase in the area’s asking rents since the opening of the Northern Line extension. Diverse property options allow investors to choose from stylish studios to four-bedroom penthouses, further accelerating demand in the area.

Why choose us as your property partner at Battersea Power Station?

At Benham & Reeves, we have successfully sold and let several properties at Battersea Power Station via our Nine Elms branch. With over 60 years of experience serving London landlords and supported by our corporate lettings services, we can help you with all your property needs. Right from acquiring the property to dressing it up and fulfilling all the legal and regulatory requirements to collecting rent, maintaining the property, and much more, our services extend to every step of the buying and renting journey across London. With Battersea Power Station and Nine Elms emerging as one of London’s rental hotspots, you can contact us to invest or let out your properties in these lucrative areas.