Organisers at events venue Battersea Evolution hope the sale of the iconic Battersea Power Station will lead to long awaited development in the local area – and further transport access to the venue.
The power station was purchased by a Malaysian consortium earlier this month for £400m, with the 15-hectare site expected to be developed into homes, offices and shops.
David Hackett, business strategy director at Quantum Leap Events, said any redevelopment would not directly impact Battersea Evolution, since it is situated in Grade II listed Battersea Park on the western side of Chelsea Bridge, whilst the building work is further down river, to the east of the bridge.
He said: “It remains unclear what the Malaysians propose to do with this edifice. However whatever happens to the four chimney stacks, redevelopment of this site is exciting. The new American Embassy, upmarket residential projects, urban parks and the opening up of riverside pathways will bring new focus and attraction to the area.
“The project will lead to an improved infrastructure including the new Battersea Underground Station which will provide another public transport access to Battersea Evolution."
Battersea Evolution has recently hosted large-scale events such as the Formula 1 Launch Party, Adobe's European Marketing Summit and the Sports Industry Awards.