Battersea Power Station lands £280m debt deal for next build phase
What's the deal? Battersea Power Station Development CompanyDealroom has a profile for this one. Try Dealroom → has secured a £280 million refinancing facility to fund the next construction phases of its 42-acre regeneration scheme along the River Thames. A syndicate of four banks — CIMBDealroom has a profile for this one. Try Dealroom →, OCBCDealroom has a profile for this one. Try Dealroom →, MaybankDealroom has a profile for this one. Try Dealroom →, and Standard Chartered — provided the debt.
Why now? The financing lands as the developer transitions to the remaining 16 undeveloped acres of the riverside site. It recently lodged a revised masterplan with local planners.
What's the endgame? Under the updated proposal, the developer seeks approval for up to 3.2 million square feet of mixed-use space, mostly residential alongside retail, community, and commercial areas. The capital will fund site infrastructure and phase progression.
What's the backstory? The 42-acre site is one of Western Europe's largest urban regeneration projects. The derelict, Grade II* listed former coal plant was acquired by a Malaysian consortium of Sime Darby PropertyDealroom has a profile for this one. Try Dealroom →, SP SetiaDealroom has a profile for this one. Try Dealroom →, and the Employees Provident FundDealroom has a profile for this one. Try Dealroom →.
Completed phases include Circus West Village and the restored Power Station building, which houses offices, retail, and apartments. The scheme is served by a dedicated Northern Line extension.
The signal: At £280 million, the deal ranks in the top 7% of UK debt rounds all-time, a sample of 2,761. It signals continued institutional confidence in large-scale London property despite broader macroeconomic shifts.
Read more: southlondonnews.co.uk
Image credit: Loco Steve
