REOP Reo Sec. Zdp

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RNS Number : 9690A

Real Estate Opportunities PLC

09 February 2011

9 February 2011

Secretary of State for Communities and Local Government approves Battersea Power Station planning application

This marks the final decision in the planning application process, with

development of the site now due to commence in 2012

Treasury Holdings is delighted to welcome the approval of The Rt Hon Eric Pickles MP, Secretary of State for Communities and Local Government for the planning application for the Battersea Power Station site. His decision follows that of the Mayor of London Boris Johnson in December 2010, one month after Wandsworth Council approved the scheme. This marks the final decision in the planning application process, with development of the site now due to commence in 2012.

The development, which will be the largest ever in Central London, will create a vibrant new community just one mile from Westminster, and serve as a catalyst for the regeneration of the Nine Elms Opportunity Area. The scheme is expected to generate approximately 15,000 new jobs and training opportunities for the area, and will also include a new underground station on the proposed extension of the Northern Line from Kennington to Nine Elms and Battersea.

Rob Tincknell, Managing Director of Treasury Holdings, said:

"We are delighted to have received final approval for the scheme and would like to thank the local community, Wandsworth Council, the Mayor of London, and the Secretary of State for their support and valuable engagement throughout the process. Following productive talks with a number of potential investors, we now look forward to bringing an investment partner on board and commencing with the development of the site and the regeneration of the power station."

Ends

Images of the Battersea Power Station development can be found at:

ftp://Press:Images@treasuryholdingsuk.com

For more information please contact:

Gordon Simpson / Arif Shah - Finsbury

020 7251 3801

Rob Tincknell - Treasury Holdings

020 7501 0710

Notes to Editors

Rafael Vinoly's masterplan will create a 10.1m sq ft mixed-use sustainable development, including the following key components:

-- A diverse mix of uses, including over 3,400 new homes, 1.7m sq ft of office space and 1.5m sq ft of other commercial uses including community hotels, cultural, leisure, conference centre, shops and restaurants

-- Over 15,000 new and varied job and training opportunities

-- Extensive areas of new open space, including a new riverside park and an extension to the Riverside Walk connecting through to Battersea Park

-- Public access to restored historic areas of the Power Station, such as the two turbine halls and control rooms

-- Five distinct zones for nurturing creative industries and establishing a new cultural centre for London

-- A CCHP energy centre generating 30MW of electricity which, together with other energy efficiency measures, will enable the Power Station to become zero carbon and the rest of the development to be low carbon, saving around 65% of CO2 emissions across the whole site

This information is provided by RNS

The company news service from the London Stock Exchange

END

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