Battersea Power Station developer Parkview International has
confirmed the loss of its two top executives and announce a new
As revealed in Property Week last week
(news P1 28.07.06) chief executive Michael Roberts has left the company
and the Hwang family will assume direct management control.
Victor Hwang, has become executive director, his son Leo Hwang will be
vice president and his daughter Vicky Hwang is director of leasing.
Former Chelsfield, Land Securities and Bovis director John Anderson, who had been at Parkview on a consultant level will become development director.
Hwang said: ‘This is a significant decision for the Hwang family and
demonstrates our continued commitment to seeing the project through to
added: ‘As the Power Station development enters a new phase, new skills
and experience will be needed and there is no-one better qualified than
John Anderson to over see construction through to successful
The departure of Roberts follows chief financial officer Michael Russell exit this month.
It is thought Roberts and Russell fell out last month with Hwang over the progress of the project.
developer has now put the retail and leisure elements of the scheme
indefinitely on hold owing to long-running problems over its future
funding. Leisure and retail letting agents for the scheme, Davis Coffer
Lyons and Donaldsons, respectively, were told to halt leasing plans.
Parkview spokesman said: ‘Plans for financing the next phase are well
advanced and in conjunction with this the development team are
reviewing the Power Station leasing strategy including terms and
relationships with agencies.’