Battersea Power Station is becoming a complete success and the developer has secured £600m of financing to press on with phase three of the project.
Sir Robert McAlpine is construction manager to complete the Electric Boulevard phase of the project after replacing Bouygues in 2017 during the preconstruction phase.
The new debt facility was raised from its existing lenders to continue with the delayed phase.
Phase 3a of the Battersea Power Station project will include over 500 homes, a hotel, shops and restaurants.
The 42-acre site will also contain a public park and be served by a new Tube station on the new £1bn Northern Line extension, due to open in 2021.
It has been designed by architects, Gehry Partners and Foster + Partners.
Areal view of Foster’s undulating Battersea Roof Gardens building next to Ghery’s cluster of five buildings.
Foster’s Battersea Roof Gardens will be styled in a subtle 1930s theme inspired by the Power Station. The northern hooked-shaped end of the building will be home to the art’otel, a new 167-room hotel boasting a rooftop swimming pool and bar. For more information the latest construction updates click here.
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