EPF to buy Battersea Power Station

The Battersea Power Station site will be acquired by the Malaysian Employees Provident Fund.

Reports from CoStar suggest the malaysian company will  buy the site in collaboration with SP Setia and RREEF, who are expected to be the development managers, for £375m from Lloyds Bank and NAMA, the Irish “bad bank”. It is understood that EPF wants to increase the residential element of the scheme beyong the extant consent.

Chelsea FC had been interested in the site, so this deal means they will need to rethink plans to leave Stamford Bridge.

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