Battersea Power Station luxury penthouses may come on the market for £30m

Luxury penthouse apartments built as part of Battersea Power Station’s redevelopment would fetch £30m each, developers said yesterday.

Liew Kee Sin, chairman, Battersea Project Holding Co., said that the developers will sell 250 apartments at £2,500 a square foot starting April.

“This is the only apartment in the U.K., and perhaps Europe, that’s being built on top of a power station,” Sin told Bloomberg. “There are people who want to own a piece of the history.”

The news puts a question mark on Johnson’s proposal to make sure “all new homes are marketed to Londoners first”.

Property market commentator Henry Pryor told the Guardian: “It’s unlikely there will be homegrown British buyers queuing up to buy £30m penthouses in a converted power station,” said. “But there will be many abroad who – provided the government doesn’t frighten them away with talk of rising taxes – might well want a view of Chelsea and Westminster.”