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Ballymore Properties Statement
22 August 2006
Estates Gazette has once again got it wrong about the Power Station.
A report in this week’s edition of the publication claiming that
Ballymore is in discussions to buy the Battersea Power Station site is
Ballymore is not back in talks to buy
Battersea Power Station. There have been no discussions between
Ballymore and developer Parkview International about them being a
prospective investor in the Battersea Power Station site since Parkview
decided not to proceed with an offer earlier in the year that was based
on greatly increasing the proportion of residential in the mixed use
This latest report in Estate Gazette is one
of several “news” stories and editorials in the trade publication this
summer which have been at best misguided but mostly based on inaccurate
rumour, conjecture, journalist’s creating their own version of events
and snide comment.
Contrary to reports in Estates Gazette the Power Station project is in excellent shape both commercially and financially.