A Malaysian consortium has purchased London’s Battersea Power Station, ending Chelsea FC’s audacious plans for a stadium on the site.
The Champions League-winning club was considering moving away from its Stamford Bridge home, and made a bid to move to the 39-acre site on the south bank of the River Thames.
Yet the club’s proposal to turn the icon into a 60,000-seater stadium has been blocked following its US$620m purchase.
The Malaysian consortium received consent to build 3,500 homes and 160,000m2 of office space, and plans to build a tube station on the site.
Built in the 1930s, Battersea Power Station is one of London’s most recognised landmarks.
Since the station’s closure in 1983, the site has remained largely unused, with several failed redevelopment plans from various site owners.