Cushman & Wakefield to lead hunt for Battersea funding

Cushman & Wakefield is to lead the search for funding among investors in Europe, the US and Asia Pacific for the major redevelopment scheme at Battersea Power Station in London. Real Estate Opportunities, the firm behind the scheme, has awarded the property adviser the exclusive global mandate to secure the necessary funding.

The property adviser said the 16-hectare scheme is one of the largest and most eagerly anticipated in the UK and will redevelop the last significant piece of largely unused land in central London. With a redeveloped Battersea Power Station at its heart, the mixed-use scheme will comprise around 771,000 m² of retail, offices, leisure and residential.

Architect Rafael Vinoly has led the master planning process and in February the UK government's architecture and urban design agency, The Commission for Architecture and the Built Environment (Cabe), praised the 'intelligent' design.

Cushman & Wakefield said it has brought together a cross-sector team including retail and office agency, capital markets and financial services, residential and central London development. C&W will target investors throughout the Americas, EMEA and Asia Pacific through its global network and will commence its marketing campaign in earnest during late Spring and early Summer.