Battersea Power Station completes £1.6bn ownership deal

Battersea Power Station Development Company has completed the sale of its iconic power station for £1.58bn to Malaysian investors.

The shareholders of the commercial assets in the new structure are Permodalan Nasional Berhad (PNB), one of the largest asset managers in Malaysia, and the Employees Provident Fund of Malaysia (EPF), Malaysia’s premier retirement savings fund.

They have acquired the commercial assets in the Power Station through a joint venture, of which they own 65% and 35% respectively.

Both already own 70% of the entire Battersea Power Station development through their holdings in the original developers, and