C&W appointed retail property consultant on Battersea Power Station - Cushman & Wakefield

Cushman & Wakefield appointed retail property consultant on Battersea Power Station

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London, 11 September 2013, on behalf of the Battersea Power Station shareholders, Battersea Power Station Development Company is pleased to announce the four agents who have been selected to support retail and office lettings at Battersea Power Station.

Cushman & Wakefield, the global property consultant and CWM, the London retail specialist are to be appointed as Retail Property consultants. CBRE and Knight Frank’s office agency teams are to be appointed for the offices at Battersea Power Station.

Rob Tincknell CEO of Battersea Power Station Development Company said; "Battersea Power Station will be a new global entertainment, cultural, creative and commercial destination - like nothing ever seen before anywhere in the world. The shareholders have selected a team of property advisers for their vast experience, expertise and specialist knowledge of their respective sectors to work alongside our in-house teams and we look forward to working with them to bring our vision to fruition."

Cushman & Wakefield’s CEO of UK Retail, Justin Taylor, said: “Battersea Power Station is in line to become a globally iconic retail and entertainment destination and we are relishing the opportunity to market the retail, restaurant and leisure space to leading companies and operators across the globe.”

Battersea Power Station is one of the world's most famous buildings and is at the heart of Central London's most visionary and eagerly anticipated new development. This 39 acre site will become home to a vibrant new town centre with shops, cafes, restaurants and bars set amongst 3,500 new homes, 1.7m sq. ft. of new offices and hotels, over 1m sq. ft. of retail, 18 acres of open space and space for the arts.

Located on London’s new South Bank, Battersea Power Station is just under a mile and a half from the Houses of Parliament, within a few minutes’ walk of Chelsea’s Sloane Square and at the cornerstone of the new Nine Elms quarter – central London’s last regeneration opportunity of its sort and future home to the US Embassy.

Served by its own new tube station and river-bus jetty, BPS will create a new transport hub in which these public transport solutions will link into the existing rail, bus, pedestrian and cycle routes.

The Power Station itself, which was decommissioned 30 years ago, was designed by world-famous architect Sir Giles Gilbert Scott and is regarded as one of the finest surviving examples of art deco industrial architecture and it will be refurbished for the public to enjoy.

The Battersea Power Station master plan comprises seven phases in total. Construction of Phase One commenced in July of this year. Phase Two is the Power Station itself, of which the next launch of residential sales will take place in 2014. It is also anticipated that the commercial opportunities within the Power Station itself will launch in that year.