Treasury may lead €4bn Battersea plans

AN Irish property developer may be set to lead the massive €4 billion regeneration of the Battersea power station site in Britain.

Should the plans be approved, Treasury Holdings, established in Dublin in 1989 by John Ronan and Richard Barrett, will lead the project team implementing the regeneration of the 38-acre site.

The masterplan includes around 3,700 homes, 1.5 million square feet of office floor space, 500,000 square feet of retail, restaurants, a hotel, leisure space and community facilities.

Around 16,500 jobs will be created within the completed development, along with thousands of construction jobs.

This is the second plan for the site. The first plan was launched a year ago when more than 15,000 people attended the public exhibition. The scheme will also act as a catalyst to the regeneration of the nearby Nine Elms area.

Rafael Vinoly’s revised architectural plans ensures no other building on the site will be taller than the shoulders of the power station, and make sure that the power station remains a dramatic centrepiece of the scheme, particularly in views from around the site and from across the River Thames.

Managing director of Treasury Holdings UK Rob Ticknell said the new plans would create an employment boost to the local economy.

The power station will be carbon neutral and will run on bio-fuel.