Business Maverick: London’s Battersea Power Station to Reopen After 39 Years as Apple Moves In

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London’s famous Battersea Power Station will open its doors for the first time in almost 40 years on Friday, taking on a new lease of life following a glitzy but sometimes controversial renovation.

Once a coal-fired power station which supplied a fifth of London’s electricity, the building is now home to hundreds of shops, bars, and restaurants. The £9 billion transformation, backed by a group of Malaysian investors who bought the site for £400 million in 2012, will also see 25,000 people living and working in and around the colossal building which once pumped energy to Buckingham Palace and the Houses of Parliament.

and a mall that would have been suspended between its chimneys. Now, the building’s old turbine halls have been converted into an upmarket retail space, hosting luxury brands including Rolex Group and Mulberry Group Plc.in Europe, which generated power for 48 years after its opening in 1935.

A new district of around 4,000 homes, which have drawn criticism for a lack of affordability, will also stand over the south bank of the River Thames. Councillors for the Labour Party will not attend the power station’s opening on Oct. 14 because of a lack of social housing, the BBC reported last week.

 

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