“After a rash of media reports warning of ‘Nine Elms disease’ and ‘Battersea panic stations,’ the fortunes of London’s latest large-scale redevelopment project appear to be improving,” Gemma Acton reports for CNBC. “The high-profile Nine Elms development in the south-west London district of the Battersea area presents a very strong medium-term opportunity for residential buyers, according to a report published this morning by property service provider, Jones Lang LaSalle (JLL).”
“The report follows last week’s announcement that Apple would be moving its 1,400 London-based staff into the iconic Battersea Power Station (BPS) project,” Acton reports, “welcome news for a development which has garnered its fair share of unflattering press in recent months around surplus supply, sky-high prices and poor coordination between the various adjacent developments.”
“As for the most recent developments, Apple’s choice of the site could seen as a boost for the project,” Acton reports. “On a phone call with CNBC, JLL’s Head of Residential Andrew Frost said, ‘The Apple deal is a massive game-changer. It provides a strong legitimacy and brings the first large-scale private employer to the area.'”
Read more in the full article here.
MacDailyNews Take: Congrats again to the UK in general and to London in particular!
SEE ALSO:
Apple to create stunning new $11.7 billion London headquarters at Battersea Power Station – September 28, 2016
If the Battersea developers or Apple care toget in touch, I happen to know where the Pink Floyd inflatable Pig is…and it’s for sale along with several iconic inflatables.
Would be a great marketing coup.
Totally OT but during a school outing in the early 70s to the station, we were taken into the turbine hall. Our guide pointed out one of the massive generator sets, and told us that that particular Rolls-Royce turbine had run the entire six year duration of WWII generating power without ever being shut down.
As a small kid I thought that a rather impressive feat.
=:~)