REO buys London's Battersea Power Station

Irish property investment and development company Real Estate Opportunities Ltd (REO) has exchanged contracts to purchase Battersea Power Station and its surrounding lands in London from the Hwang family for £400m (€592m).

The site, which covers 38 acres (of which six acres comprise the power station) is set alongside 380 metres of riverside frontage within the London borough of Wandsworth.