London is no stranger to massive construction projects, but the Battersea Power Station venture must surely rank as the most ambitious of recent times.

INITIAL planning permission has been granted for the long-awaited £5.5 billion (€6.5bn) redevelopment of London’s Battersea Power Station site, which is owned by the London-based subsidiary of Treasury Holdings.

Property developers Treasury Holdings today announced a massive €1.2bn investment in a housing and leisure development in one of China’s fastest-growing cities.