Last week, 539 apartments designed by Frank Gehry and Norman Foster were made available for off-plan purchase. This was heralded by simultaneous launches in London and Kuala Lumpur and a press release announcing Sting and Trudie Styler as early buyers. Battersea Power Station has stood unused for more than 30 years but after multiple failed attempts at redevelopment progress is now well under way towards its transformation into one of London’s most desirable addresses. Ultimately due to house 3,400 homes — only 15 per cent of which are set to be affordable — the project is emblematic of a far larger reclamation of London’s waterfront as a site for luxury housing. An 11km stretch of the south bank of the Thames snaking from Battersea in the west to Greenwich in the east is currently the subject of redevelopment proposals of unprecedented quantity and scale.
It might be thought surprising that this has not happened sooner.
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