Last week, the Financial Times featured Battersea Power Station, reporting that the owners had held talks about a potential sale of undeveloped plots—and that the process has been paused for now.
A natural question follows: Is this a sign of a crisis?
In our view: no. If anything, Battersea is going through one of its most active and transformative periods.
What’s happening?
A refreshed masterplan for the remaining land
The developer behind the wider 42-acre site has decided to reshape the masterplan for the remaining 16 acres and has appointed Studio Egret West. As reported in Construction Enquirer, the update is positioned as a way to align a 15-year-old vision with today’s needs—new living patterns, technology and community-led design.
What’s already been delivered is substantialSo far, reporting indicates around £5bn has been invested, with more than 2,200 homes, about 800,000 sq ft of office space, over 150 retail and leisure units, and the Northern line extension delivered. (Construction Enquirer)
New planning approvals add momentum
Two new Gehry Partners buildings have received planning approval—often referenced as Prospect Place 3 & 4. One includes managed living apartments for over-65s (a first for Battersea), and the other will deliver 122 new homes. Construction is expected to start this year with completion targeted for 2029. (Battersea Power Station)
Affordable housing commitments continue
Alongside this, a long-term agreement with Wandsworth Council is expected to support delivery of 203 new council homes in Phase 5, targeted for completion by 2029. (Washington Newsday)
Battersea through an investor lens
Across the 42-acre masterplan, the scheme includes 250+ shops, cafés and restaurants, plus cultural and lifestyle infrastructure—theatre, hotel, health facilities, around 19 acres of public realm, and 450 metres of Thames frontage. On completion, it is often cited that around 25,000 people may live and work here. (Battersea Power Station)
These aren’t abstract numbers anymore. Battersea is no longer a promise—it’s an operating neighbourhood.
On Electric Boulevard, brands such as Zara, Massimo Dutti, Boots Beauty and Borough Kitchen are already trading. The 50 Electric Boulevard office building is reported to be over 50% let. With new planning approvals, this high street is set to complete, adding approximately 65,000 sq ft of new commercial space. (Battersea Power Station)
The real question for investors
In large regeneration schemes, headlines are part of the process: a sale discussion, a statement, a masterplan revision. These are normal features of long-cycle developments.
The more useful question is:
Are you buying the right product, at the right price, with the right scenario?
In Zone 1, on the Thames, in a district that hosts Apple’s UK headquarters and is adding new Gehry-designed buildings, the decision becomes less about headlines—and more about the right questions:
Which phase? Which product? What’s your objective?
If you’d like to discuss Battersea—or other London regeneration areas—feel free to get in touch.
This post is for general information only and does not constitute investment advice.
Sources: Financial Times, Construction Enquirer, Battersea Power Station Development Company, Architects’ Journal (March 2026).
