Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
NAMA AND LLOYDS Banking Group are to sell the Battersea Power Station on the banks of the Thames in London to two Malaysian property companies for £400 million (€494.7 million). The site had been owned by Irish developer Treasury Holdings.
In a joint statement issued today, SP Setia and Sime Darby Property said that their bid has been identified as the preferred bid for the Battersea site.
The companies beat rival bidder Chelsea Football Club which had considered moving its stadium to the 15-hectare Battersea site.
“SP Setia and Sime Darby Property have today entered into an Exclusivity Agreement with the Joint Administrators and Receivers, on behalf of the owners of the Property, to acquire the site for £400 million or approximately RM2 billion,” the companies said.
“S P Setia and Sime Darby Property have a period of up to 28 days to conduct further due diligence and investigations as may be deemed necessary, and to negotiate the contract for the acquisition of the Property on terms and conditions acceptable to the parties.”
The joint bidders plan to redevelop the site into a “multi-use real estate regeneration project” which includes the preservation of the power plant’s facade and its chimney stacks.
The iconic building is among the properties listed on the British government’s Statutory List of Buildings of Special Architectural or Historic Interest. It is designated as a Grade II building, meaning that it is a building of more than special interest.
The companies have also committed to constructing a new underground station as part of an extension of the London Underground’s Northern Line which will pass by the site.
To embed this post, copy the code below on your site
And he’s still in denial, pity this f**ker and all his corrupt friends won’t be going to Jail. B**tards every last one of them.
Wouldn’t be surprised if his daughter pens a new book about all these fictions that Bertie comes up with.
P.s. I fooled you
I never read it or saw the movie , and I don’t intend to read anything or support any more ‘fiction’ that family dish out !
We all knew politicians are in for the money..they never give a tos about anyone..
OMG as the kids say, LMFAO…..it’s not just Ahern that ruined the FF image and he can’t be used as the only scapegoat. Biffo et al. are not off the hook (or Martin).
All beneath my contempt. Horrible people . Peeeee Flynn and his daughter ,crooked through and through. and Aherne
Pffft horrible people .
And these are only the investigation into planning in Dublin.
It’s a pity that Phil Hogan cancelled the investigations into other areas. I know they cost a lot, but considering the amount that Owen O’Callaghan put up in Cork over the years (Mahon Point, Merchant’s Quay, Opera Lane), there has to be some scope for investigation there too.
Now that the writing is on the wall so to speak, why isn’t he locked up for it? I know what would happen if it was me.
have your say