Battersea Power Station under investigation for “dubious” investments

Posted on July 13, 2018 by M.T.Wallett

Former Malaysian PM Najib Razak (pictured below sharing a joke with David Cameron and Boris Johnson) has been charged with corruption over a ‘£3.4bn fraud.’

Caption Competition: Former Malaysian PM Najib Razak, Boris Johnson and David Cameron

The purchase of Battersea Power Station, the biggest property deal in the UK, is under threat after Anwar Ibrahim, the new leader of Malaysia’s governing coalition said it would be investigated as part of “dubious” investments made by the previous administration.

The Guardian reported:

“Anwar Ibrahim’s comments will raise questions about the British government’s commitment to fighting corruption. He said the money trail of the 1MDB fraud ran through London, with $1.83bn of Malaysia’s cash funnelled into a Saudi-British company.

“There was no attempt by British authorities to investigate. But this was a crime using sovereign wealth funds for reckless spending sprees.” he said.

“I say to Britain: you talk about transparency and anti-corruption drives, now is the time for action. I am saying now allow the institutions to conduct investigations fairly and give the necessary cooperation.”

Anwar Ibrahim, the opposition leader spent nine years in prison on charges which have been confirmed as trumped up and politically driven.

We ask how does this impact on the future of the building? The signs are not good. Despite being festooned with cranes there does not seem to be much going on at the site, just the continuation of the demolition by stealth. The east and west walls of iconic art deco brick work have gone. The London luxury property market has effectively collapsed. Many key individuals, including long time CEO Robert Tincknell, have left the Battersea Power Station Development Company (did they jump or were they pushed?).

Are we going to be left, as predicted, with a useless and worthless ruin surrounded by hideous and empty flats that no one wants to buy? Will the poor workers of Malaysia ever see their money back?

You can read more about Battersea Power Station on our blog and watch our film Selling an Icon here:

Battersea Power Station: Selling an Icon from Spectacle Media on Vimeo.

‘Battersea Power Station: Selling an Icon’ tells the story of Battersea Power Station from its prominence as a site of industrial power through the years of dereliction, speculation and planning blight to the replacement of the chimneys under the current scheme – a key example of developer-led preservation. In an age of aggressive ‘big business’ redevelopment, the film gives voice to the local communities who are rarely consulted and often overlooked.

Filmed over 15 years, Spectacle’s new documentary follows the grassroots campaigns of Battersea Power Station Community Group to preserve the building for the public good. It takes us straight to the heart of the current conservation debate about whether – and how – historic buildings should be preserved, governed, modified or replaced, and ‘who’ they belong to.

Also available to purchase on DVD. For institutional buyers and public screenings, please contact us at distribution@spectacle.co.uk.

De-Risky Business – Battersea Power Station £1.6bn sale?

Posted on January 19, 2018 by M.T.Wallett

What is really going on at Battersea Power Station? The developers hope to sell to two Malaysian saving fund investors, Permodalan Nasional Berhad (PNB) and Employees Provident Fund Board (EPF) for £1.6 Billion. However PNB and EPF already indirectly own a large stake in the developers.

The press is focussing on the record £1.6bn price tag making it the most expensive property purchase ever in London. Given the state of the pound post Brexit, the declining property market, the seriously troubled UK construction industry and Apple’s history of fickle “commitments” it might be London’s worse ever property purchase.

Battersea Power Station Sunset

Shareholdings in Battersea Project Holding Company Ltd will remain unchanged between Sime Darby Property Berhad (40%), SP Setia (40%) and EPF (20%). PNB owns a stake in Battersea Power Station through its 55% shareholding in SP Setia and stake in Sime Darby, following its acquisition last summer of Sime Darby’s entire interest in its property arm, Seriemas Development Sdn Bhd (SDSB). However the project will still be managed by same old Battersea Power Station Development Company (BPSDC) who say despite spiralling costs the deal will “guarantee the restoration of the building was completed” something they have always insisted was never in doubt.

A cynic might argue that was is really behind this manoeuvring is the off-loading of an ailing white elephant, profit forecasts have gone from 20% to just 8% since 2012, building costs have doubled, onto the poor Malaysian pensioners who have savings in PNB and EPF. De-risking or handing over future losses to Malaysian public money.

Battersea Power Station: Selling an Icon from Spectacle Media on Vimeo.

Demolition by Stealth. Perhaps we are lucky the (fake) chimneys are up on what’s left of the grade 2* listed building but sadly the wonderful brown Blockley brick east and west walls are half demolished, to be replaced with “pre-fab brickwork” according to Brian Barnes of Battersea Power Station Community Group despite the assurances, made in Selling an Icon, by sleepy old Historic England.

Watch Battersea Power Station: Selling an Icon on video on demand or DVD.

What’s going on with Battersea Power Station?

Posted on March 27, 2017 by clockword

Go to ITALIAN version

After a big spike in reporters’ attention following Apple’s decision to move its headquarters into the grade 2 star listed art deco Building, Battersea Power Station has gone quieter in mainstream media over the last months. This doesn’t mean that nothing has changed and Spectacle has been following the latest initiatives of Battersea Power Station Development Company around the beloved building designed by Giles Gilbert Scott. Unfortunately much of the news is not reassuring.

Bad news or good news? Bad and good, as usual, are mixed up in the opacity of corporate communication, where everything can be spun according to the most convenient narrative. In fact, the general public is probably aware that the biggest and richest company in the world, Apple, have expressed their intention to move into the refurbished power plant. Apple has been welcomed almost unanimously in mainstream media (among others: BBC, The Guardian, Evening Standard) as good news. Meanwhile only Spectacle’s blog reported that the East Wall has been completely demolished in order to make windows and give light to Apple’s offices.

Battersea Power Station – three of the four chimneys have been rebuilt. (Spectacle, 10/03/17)

This major loss, unreported in the mainstream media, follows a curious ’destroy-to-preserve’ strategy repeatedly applied to portions of the Battersea Power Station. Even though best practice in heritage interventions recommends to keep existing structures, the iconic chimneys have gone and been replaced with replicas. In our opinion this is the most evident distortion produced by developer-led preservation, as shown in our film Battersea Power Station: Selling an Icon.

The demolitions (east wall and chimneys) have been approved by all regulatory agencies (Historic England – former English Heritage – and Wandsworth Council) and justified with the greater good of bringing the Battersea Power Station back to life. But what good has the 9 billion development – one of the biggest in Europe – delivered so far? The works to rebuild the chimneys have proceeded and, at the moment, three newly built chimneys stick out the spoiled art deco power station. Hopefully Londoners will be able to once again admire the four chimneys back on the Battersea skyline, even though they are fakes. Better than nothing? Maybe.

PUBLIC NOT PUBLIC

Battersea Power Station Development Company, through it’s Chief Executive Rob Tincknell, have recently announced the opening of a riverside walk in the development area: “We are delighted that we are able to open new public spaces for London and are starting to bring the power station and its surrounds back into London life” (Reported on the Evening Standard). Despite the enthusiasm in the wording, the ‘public space’ Rob Tincknell is talking about is a private walk squeezed between the river and Phase 1 of the development. This promenade is going to be integrated into the wider riverside walk that will be opened in front of the Power Station. Like the rest of the development, this space is private and merely open to public, which is quite different from being ‘public space’.

The recently open riverside promenade (Spectacle, 04/03/2015)

While filming the new Riverside promenade, our naive crew, believing in the “public space” hype outlined by the developers, acted as if it was a real public area. Unfortunately we have been brought back to reality when the local security reminded us that the landlord decided that smoking was not allowed on the site. Thanks to this sensible management, our health has been preserved. Nevertheless it seems unlikely that a privately policed space will guarantee free enjoyment of the river. If they were to outlaw picnics (maybe to help food shops in the development) or a protest, there would be little room for complaint: that’s what you get when you privatise public spaces.

The Guardian in the past has warned about the effects already produced by this public/private mix on the shores of the River Thames, that became a “bafflingly complex labyrinth of private obstructions and municipal confusion – and a struggle over land rights that could have serious consequences for common access to the river”. Not a great prelude to what developers offer as a unique experience.

PLANNING NOT PLANNING

The pretentious 230 pages long ‘manifesto’ on Place Making put forward by the Battersea Power Station Development Company gives paramount importance to mixed use and mixed tenancy. Despite the commitment to deliver housing (and some affordable housing) to London’s population, the Malaysian consortium that leads the development has changed its mind, switching from luxury flats to offices.

Cover page of Battersea Power Station Development Company book on ‘place making’ (2014)

Battersea Power Station Development Company have put forward an application for a change of use for Phase 3 of the project. Developers are seeking to turn two buildings, by starchitects Frank Gehry and Norman Foster, – whose flats have already been displayed for sale – from residential to office use. The Financial Times, reported the proposed change is due to a drastic drop in the prime housing market price, whereas demand for office space seems to be holding a higher value. Rob Tincknell in the Financial Times had to justify the plan: “The great thing about a long-term scheme like this is we can adjust with the markets. If there’s no residential market and a very strong office market then we will build offices”.

The same Tincknell that now praises flexibility, in the past gave an interview to Peter Watts, for his book “Up in Smoke” about the history of Battersea Power Station, making clear how Battersea Power Station Development Company came up with their surefire recipe to make Battersea the perfect place: “57% residential. Of the remaining 43% that’s about 3.4m sq ft, 1.2m retail and restaurants, 1.7m sq ft of offices and the balance in hotels, leisure and community space.” We wonder what happened to the pseudo-scientific plan for mixing uses and people in the “new place”, allegedly the result of a long consultation with local people. Maybe it wasn’t that important, since Tincknell tells the Financial Times now that “I could easily see us adding another million square feet (of office space)” and taking out a hotel and lots of residential from the scheme.

Battersea Power Station Community Group, virtually the only critical voice in the neighbourhood whose opinion has never been taken into account by the developers, have stood against the proposed plan: “The Gehry and Foster blocks should become social, affordable and mid-priced housing. There could be some office space at the lower levels. But with a housing crisis in London of unprecedented severity, these buildings should not be given over to offices in their entirety”.

Keep following our blog for updates and other contradictions produced by the big bang development of Battersea Power Station

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Cosa succede alla Battersea Power Station?

Posted on March 27, 2017 by Michele de Laurentiis

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Dopo la decisione di Apple di trasferire il suo quartier generale all’interno della Battersea Power Station, abbiamo assistito ad un picco di attenzione mediatica nei confronti dell’edificio art deco, gemma del patrimonio architettonico nazionale. Negli ultimi mesi, al contrario, le vicende che riguardano Battersea Power Station sembrano scomparse dai media mainstream. Ciò non significa che nulla sia successo e Spectacle ha continuato a monitorare le iniziative della Battersea Power Station Development Company – società che gestisce il progetto di rigenerazione – attorno alla monumentale centrale elettrica progettata da Giles Gilbert Scott e tanto amato da Londinesi e non. Sfortunatamente molte delle novità non sono confortanti.

Cattive notizie o buone notizie? Come sempre buono e cattivo sono mescolati nel linguaggio commerciale e ogni fatto è filtrato ad arte in base alle convenienze. Per esempio il grande pubblico certamente è stato messo al corrente del fatto che la più grande e ricca azienda al mondo, Apple, ha manifestato l’intenzione di trasferire i suoi uffici all’interno della centrale elettrica al termine dei lavori di ristrutturazione. Apple è stata salutata positivamente, come abbiamo segnalato, praticamente da tutti i mass media (tra gli altri segnaliamo BBC, The Guardian, Evening Standard). Nel frattempo solamente il nostro blog ha dato notizia della demolizione totale dalla parete est della centrale, rimossa per far posto a finestre e dare così luce ai nuovi uffici della Apple.

Battersea Power Station – tre delle quattro ciminiere sono state ricostruite (Spectacle, 10/03/17)

Questa triste perdita, andata sotto completo silenzio in tutti gli altri media, è in linea con la curiosa strategia conservativa ‘distruggi per preservare’ ripetutamente applicata a porzioni della Battersea Power Station. Nonostante le migliori pratiche conservative del patrimonio storico architettonico prevedano il mantenimento della maggior parte dei manufatti esistenti, nel caso di Battersea si è deciso di procedere alla demolizione delle ciminiere e alla ricostruzione di repliche. Secondo noi questo è uno degli esempi più evidenti delle storture prodotte dall’intervento di interessi finanziari nel campo della conservazione, come abbiamo cercato di mostrare nel nostro film Battersea Power Station: Selling an Icon.

Le demolizioni (ciminiere e parete est) sono state approvate da tutte le agenzie di controllo (in primis Historic England e il Municipio di Wandsworth) e giustificate in nome del bene ultimo rappresentato dal riportare in vita la Battersea Power Station. Ma quale bene è stato prodotto finora dal megaprogetto di rigenerazione, valutato in 9 miliardi di sterline e tra i più grandi in Europa? I lavori per la ricostruzione delle ciminiere sono andati avanti e, al momento, tre ciminiere nuove di zecca spiccano sulle rovine della centrale elettrica. Se tutto va bene, presto i londinesi saranno di nuovo in grado di ammirare tutte e quattro le ciminiere nello skyline di Battersea. Peccato siano false. Meglio di niente? Forse…

Pubblico non Pubblico

La Battersea Power Station Development Company, attraverso il suo amministratore delegato Rob Tincknell, ha recentemente annunciato l’apertura di una passeggiata lungo il Tamigi: “Siamo lieti di poter aprire nuovi spazi pubblici per Londra e di poter condurre la Power Station e i suoi dintorni di nuovo al centro della vita londinese” (dall’Evening Standard). Nonostante l’entusiasmo dell’annuncio, lo ‘spazio pubblico’ cui si riferisce Rob Tincknell è nient’altro che una breve passaggio pedonale privato, schiacciato tra il fiume e la cosiddetta Fase 1 del progetto. La passeggiata sarà integrata al più ampio lungofiume che sarà aperto al pubblico di fronte alla Power Station. Come il resto dell’area, anche questo spazio è tecnicamente privato e solo aperto al pubblico, cosa ben diversa dall’essere uno ‘spazio pubblico’ tout court.

BPS_Collage_Riverside

Mentre eravamo intenti a fare delle riprese sulla nuova passeggiata, i membri della crew di Spectacle, ingenui, sono caduti nel tranello retorico dello ‘spazio pubblico’ pubblicizzato dai costruttori e si sono comportati come se davvero lo fosse. Sfortunatamente siamo stati ricondotti alla realtà da un membro del servizio di sicurezza venuto a ricordarci che il padrone di casa aveva deciso che non era permesso fumare in tutta l’area. Grazie al giudizioso gestore, la nostra salute è stata salvaguardata. Ci sembra però improbabile che uno spazio sottoposto a controllo privato possa garantire un libero godimento del lungofiume. Se i proprietari decidessero di bandire i picnic (magari per dare una mano i loro ristoratori) o manifestazioni di protesta, non ci sarebbe molto di cui lamentarsi: questo è ciò che accade quando si privatizzano spazi pubblici.

The Guardian in passato ha lanciato un allarme sugli effetti già prodotti dalla sovrapposizione di pubblico e privato lungo le sponde del Tamigi, diventato, secondo la loro indagine un “labirinto incomprensibilmente complesso di ostacoli privati e confusione tra municipi – nonché un campo di battaglia sui diritti di transito che potrebbe avere serie ripercussioni sull’accesso pubblico al fiume”. Non un grande preludio verso quella che i costruttori offrono come un’esperienza unica.

Planning non Planning

Le pretenziose 230 pagine del ‘manifesto’ su Place Making prodotte dalla Battersea Power Station Development Company riserva un ruolo fondamentale alla diversità di usi e di inquilini. Nonostante l’impegno a costruire case (alcune delle quali a prezzo calmierato) per la popolazione londinese, i proprietari hanno cambiato idea, passando da appartamenti di lusso a uffici.

THE_PLACEBOOK

La Battersea Power Station Development Company ha presentato istanza per un cambio d’uso della cosiddetta Fase 3 del progetto. I costruttori hanno intenzione di trasformare due edifici, progettati dalle star dell’architettura contemporanea Frank Gehry and Norman Foster – i cui appartamenti sono talaltro già in vendita – da uso residenziale a uffici. Il Financial Times nel darne notizia, presenta come causa di tale cambio il drastico crollo dei prezzi degli immobili di lusso, mentre la domanda di spazi per uffici si manterrebbe alta così come il loro valore. Rob Tincknell ha così giustificato la mossa al Financial Times: “L’aspetto positivo dei progetti a lungo termine è che possono adattarsi al mercato. Se non c’è mercato per immobili residenziali e un mercato molto florido per gli uffici, allora costruiamo uffici”.

Lo stesso Tincknell – che adesso esalta la flessibilità – in passato ha rilasciato un’intervista a Peter Watts, autore di ‘Up in Smoke’, testo sulla storia di Battersea Power Station, sottolineando come la propria azienda avesse prodotto una ricetta infallibile per rendere Battersea un luogo perfetto: “57% residenziale. Del restante 43%, che corrisponde a circa 315.000 mq, 110.000 mq in negozi e ristoranti, 158.000 mq in uffici e il resto con un buon bilanciamento di hotel, tempo libero e spazi per la comunità”. Ci domandiamo che cosa è successo a questo piano pseudoscientifico per mescolare usi e gente, secondo gli autori risultato di lunghe consultazioni con gli abitanti dell’area. Forse non era così importante dato che oggi Tincknel può riferire al Financial Times: “è facile immaginare di aggiungere 93.000 mq (di uffici)” e cancellare dal progetto un hotel e un bel po’ di appartamenti.

Il Battersea Power Station Community Group, praticamente l’ultima voce critica rimasta a mettere in discussione il progetto e le cui opinioni non sono mai state prese in considerazione dalla proprietà nel corso delle consultazioni, si sono scagliati contro la proposta: “Gli edifici di Gehry e Foster dovrebbero diventare case a uso sociale, con prezzi calmierati. Potrebbero esserci uffici ai piani bassi. Mentre assistiamo alla crisi abitativa più grave che sia mai stata vissuta a Londra, non si può dare via questi edifici nella loro interezza ad uso uffici”.

Continuate a seguirci per aggiornamenti e nuove contraddizioni generate dalla megarigenerazione di Battersea Power Station.

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Battersea Power Station – The untold story of the East Wall.

Posted on November 29, 2016 by clockword

According to news emanating from the developers of Battersea Power Station via the Evening Standard– Apple (the suits not the manufacturing) plan to occupy almost half of the beloved art deco building (500,000 square feet) in 2021, relocating 1,400 of its employees from Oxford Circus to Giles Gilbert Scott’s masterpiece.

Despite the expectation of a bright future, the shine has come off the PR coup as the building Apple is moving into, won’t be the Battersea Power Station, but rather a new built Battersea Fake Station. After decades of demolition by stealth, in order to provide daylight to the new office spaces, the East Wall has been demolished. The celebrated expanses of patterned brickwork will be replaced with new Art Deco-Style windows.

The historic brick work East Wall came down just a few weeks ago. It was only after the white plastic scaffold covering was removed that activists and residents realised that the East wall had gone.

East side of the Battersea Power Station without the wall - Work in Progress...

What’s left of the Battersea Power Station – The unexpected demolition of the East Wall.

Battersea Power Station and the unexpected demolition of the East wall.

View from the East side of the Power Station without the wall – Demolition in progress … (?!)

Silence in the news left everyone unaware of this latest act of heritage vandalism. Why this lack of information? And what’s the reason behind this decision to demolish? Conservation or profit?

In our film ‘Battersea Power Station: Selling an Icon’, Nigel Barker, Planning and Conservation Director for London at Historic England (formerly English Heritage), described the principle of putting glazing into the East Wall as “quite challenging”.

He added: “One of the key characteristics of the power station was large blank areas of patterned brickwork.”… “If you are going to use that building, if it is going to have a new future then you are going to have to get new light in there.”…”So the decision was taken. Providing (that) the glazing is done in a way that respects and responds to the original design, then we can see it happening.”

Battersea Power Station Development Company got planning permission to put windows in the wall. But what Spectacle and the residents did not know is that they had to knock down the whole wall to realise this plan. Did Historic England know? If so, how does it fit in with their principles of conservation?

Plastic model of the Power Station redevelopment plan.

Brian Barnes, founding member of the Battersea Power Station Community Group that has fought for the protection of the site since the 1980s, said that everything has been done “behind closed doors” without any consultation. He reminds us that behind the development planning application there are over 600 documents and many subsequent “variations” which makes it hard to grasp what exactly is going on.

The lack of clarity and the broken promises leave residents and fans of the Art Deco masterpiece with many unanswered questions about the future of Battersea Power Station- the biggest brick building in Europe.

Rob Tincknell, CEO of the Battersea Power Station Development Company, told The Guardian: “to fill the power station with shops, offices, luxury apartments and £30m-plus penthouses, and surround it with yet more apartment blocks [… is] paying for this [restoration]. You don’t just regenerate this out of thin air.” But this is not restoration: it is desecration.

It started with John Broome in the 1980s who demolished the West Wall and took off the roof. This three decades long process of demolition by stealth of the heritage site has been allowed by Wandsworth Council.

As we can see, the West Wall has never been rebuilt. Apparently the plan is to create a glass wall so that the luxury ‘ghost’ flats can have the daylight coming through. But the questions are – Who is going to profit and at what cost to us all and to the future generations? Why have the agencies responsible for the protection of our heritage connived in this greedy exploitation of our cultural assets?

Battersea Power Station – what is the future?

Posted on July 18, 2016 by clockword

Our film Battersea Power Station: Selling an Icon, has recently been screened at Goldsmiths University, in Leiden as part of the LISFE Architecture Week, and at the 3rd International Congress on Industrial Heritage in Lisbon. These screenings have generated further interest in the tragic plight of this building and the detrimental effects of developer led conservation on listed buildings. Combined with the recent unveiling of the new Tate Modern extension, it raises questions over how the unlisted Bankside Power Station is protected by public use and interest, while the listed Battersea Power Station, still standing with just one chimney, is for private profit only.

Battersea Power Station with one fake chimney.

Keith Garner, an architect who works on the conservation of historic buildings and landscapes, is a member of the Battersea Power Station Community Group, and is featured in the film. At the Lisbon conference, Garner and Kett Murphy delivered a presentation, ‘Power Stations for the People’, which highlighted the comparison between the redevelopment of Battersea Power Station against that of Bankside Power Station, which has since become the Tate Modern. While Bankside was regenerated for recreational purposes very successfully, Battersea Power Station continues to lie at the mercy of aggressive speculative development. The contrasting redevelopment of these two buildings is crucial in understanding the issues of building preservation in an age of redevelopment.

Both Bankside and Battersea Power Station were designed by Sir Giles Gilbert Scott, described as ‘cathedrals of power’, and considered of major architectural importance. And yet, when it came to development plans for both buildings, only Bankside’s value as a potential public asset was considered. When the Tate Modern acquired the building in 1994 to house a collection of modern art, it ultimately revitalised the area, while still maintaining the original character of the building. The transition from power station to art museum is today considered a huge success. Following the gallery’s £260m revamp, which was launched on June 17, the Chairman of the Tate stated that: ‘A building that was once London’s beating heart is now its cultural cathedral.’

However, as Garner and Murphy highlighted at the Lisbon conference, the development plans for Battersea Power Station don’t seem to be focused around the preservation of a listed Art Deco building, or the drive to create another cultural space like the Tate. Under the financing of Malaysian real estate investment consortium, led by Sime Darby, the power station will be swamped by high rise, luxury apartments, enclosed in a gated community and only accessible to the public during the day. As we have previously reported, the power station itself is in danger of becoming virtually unrecognisable, with growing concern over whether the iconic chimneys will ever be rebuilt. Unlike the regeneration of the Tate Modern, whose success is ultimately based on its inclusivity and openness, Battersea, as we have tried to highlight in our film, is becoming defined by its elitism and exclusivity. Despite Boris Johnson’s pledges that property developed at the power station would be sold to Londoners first, our investigations suggest otherwise, with findings exposing that 55% of the homes sold so far actually went to foreign money.

Battersea’s ‘regeneration’ threatens to be solely for the purpose of private economic gain. As Garner asserts, the developers have taken ‘no account of its (Battersea Power Station) dignity, reverence and serenity.’ The Battersea Power Station Community Group’s plans have ultimately been realised in the Tate Modern. However, the recent Switch House extension, a 200ft pyramid-like tower featuring three new galleries and a panoramic roof terrace, just reinforces how, if re-development and preservation had started with Battersea rather than Bankside, which is a third of the size, no such extensions would have been needed. Instead, funds are raised in order for the Tate to house 60% more artworks, whilst Battersea Power Station falls into further dereliction.

Through the re-circulating of our film, these issues of developer led conservation are once again being brought to attention. The way the Tate extension is being praised for transforming the building into ‘one of the world’s cutting edge art spaces’, only emphasises the stark contrast between the two power stations. Our film remains essential in raising an awareness that heritage led regeneration cannot, ultimately, be short-circuited, and that respect for the historic environment is paramount.

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Battersea Power Station: Selling an Icon

Posted on December 15, 2015 by clockword

We are pleased to announce the launch of the film Battersea Power Station: Selling an Icon.

Battersea Power Station: Selling an Icon from Spectacle Media on Vimeo.

Battersea Power Station: Selling an Icon tells the story of Battersea Power Station from its prominence as a site of industrial power through the years of dereliction, speculation and planning blight to the replacement of the chimneys under the current scheme – a key example of developer-led preservation.

Battersea Power Station: Selling an Icon is unique in raising awareness to the plight of historic building preservation in an age of aggressive ‘big business’ redevelopment and gives voice to the local communities, rarely consulted and often overlooked.

The project was made possible by World Monuments Fund through support from American Express.

The film is available for free private viewing for individuals. Institutions and libraries can buy or rent the film on Vimeo on Demand.

It is also possible to purchase a DVD on our web page.

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Battersea Power Station: ghost flats worth £1.8bn!

Posted on December 18, 2014 by Michele de Laurentiis

Versione in Italiano

We learned from the pages of London Evening Standard that “More than £1.8 billion worth of homes have been sold at Battersea Power Station since they went on the market in January last year”. None on these flats have been built yet.

Apparently most of this £1.8 billion came from the fortunate global launch that Battersea Power Station Development Company organized last month. As we already suspected, the search for overseas investors has not been affected by fear of the chinese property bubble bursting – the due date of which is still under discussion among financial analysts. The threat of a Mansion Tax did not slow the rush of foreigners to use their deep pockets in order to get their piece of Battersea Power Station. Even if the London property market, as shown in Estate Agents Knight Frank’s report (see below), has appeared to slow down in the last few months, off-plan sales seem to work pretty well.Taking Battersea Power Station as reference for this trend, The Newstatesman recently reported that:

“Off-plan profits hit the headlines last week with reports that a studio flat in Battersea power station, sold for close to £1m in the spring, is now due to go back on the market for up to £1.5m before it has even been built.”

Before anything has even been built, and while our concerns about the “Big Bang” business model of monstrous development projects are all to be proven erroneous, Battersea Power Station Development Company has actually done what all Battersea Power Station’s previous developers have already proven to be masters at: demolition!

Battersea Power Station: photograph taken by Spectacle on 08/12/2014

The first chimney of Battersea Power Station is gone. In the next weeks we will probably see it to come slowly back to a new life while the other three will start coming down all at once. We hope that the £1.8 billion will give Battersea Power Station Development Company enough energy to prove that, other than demolitions, they are good at building too.

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Battersea Power Station: appartamenti fantasma già venduti per £1.8 miliardi!

Posted on December 18, 2014 by Michele de Laurentiis

English version

Abbiamo appreso dalle pagine del London Evening Standard che “More than £1.8 billion worth of homes have been sold at Battersea Power Station since they went on the market in January last year”. Nessuno di questi appartamenti è stato ancora costruito.

A quanto pare la maggior parte di questi £1.8 miliardi proviene dalle vendite avvenute durante il fortunato lancio globale che la Battersea Power Station Development Company ha organizzato il mese scorso. Come sospettavamo, la ricerca di investitori stanieri non è stata resa difficoltosa dalle paure riguardanti l’esplosione della bolla immobiliare cinese – gli analisti finanziari stanno ancora discutendo su quando ciò avverrà. La minaccia di una Mansion Tax (tassa su immobili di lusso) non ha rallentato la corsa degli investitori stranieri per accaparrarsi il proprio costoso pezzo di Battersea Power Station. Nonostante il mercato immobiliare londinese, come mostrato dal report dell’agenzia immobiliare Knight Frank (vedi sotto), ha mostrato rallentamenti nel corso degli ultimi mesi, le vendite su progetto sembrano funzionare molto bene.Prendendo la Battersea Power Station come esempio di questa tendenza, recentemente The Newstatesman ha scritto:

Prima che sia stato costruito alcunché, e mentre le nostre preoccupazioni riguardanti il “Big Bang” dei modelli finanziari usati dai grandi progetti di sviluppo immobiliare aspettano di essere falsificate dai fatti, Battersea Power Station Development Company ha già realizzato l’unica cosa che tutti i precedenti costruttori impegnati nel progetto hanno mostrato di fare con maestria: demolire!

Battersea Power Station: fotografia scattata da Spectacle il giorno 08/12/2014

La prima ciminiera della Battersea Power Station è andata. Nelle prossime settimane assisteremo con ogni probabilità al suo lento ritorno a nuova vita, mentre le altre tre ciminiere verranno smantellate contemporaneamente. Speriamo che i £1.8 miliardi daranno alla Battersea Power Station Development Company energia sufficiente per provare che, oltre a demolire, sono capaci anche a costruire.

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World monuments fund watch day 2014: Nine Elms architectural walk.

Posted on December 12, 2014 by Larissa Alves

Spectacle took part in the Nine Elms architectural walk – part of the World Monuments Fund Watch day 2014. Here is a short edit of the event.

The watch day was launched by World Monuments Fund in 2012 to provide an opportunity for people to engage with their local communities and deepen their knowledge of local historic sites. The walk itinerary included Vauxhall and Nine Elms areas looking at sites such as the listed Brunswick House, Convent Garden Flower Market, Tideway Village riverboat community, Battersea Power Station, Battersea Dogs Home, the gas holder site and Battersea Park railway station. The walk was lead by Colin Thom of the Survey of London and had contributions from David Waterhouse (Tideway Village riverboat community), Stuart Tappin (Structural engineer), Brian Barnes (artist and founder member of Battersea Power Station Community group) and Keith Garner (architect).

Group photo in front of the Battersea Power Station during the World Monuments Fund Watch Day 2014

Click Battersea Power Station for more blogs
See our Battersea Power Station project pages for more information and videos.
Or visit PlanA our general blog on urbanism, planning and architecture.

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Tag Archives: english heritage

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World monuments fund watch day 2014: Nine Elms architectural walk.