Mar
16
London Battersea Developer to Cut Home Sizes as Demand Falls
ByThe developer of Battersea Power Station is seeking approval to cut the number of large homes at the project because a slowdown in the housing market is limiting demand, the project’s chief executive officer said.
Smaller residences will allow the developer to offer homes at a 25 percent lower price, Battersea Power Station Development Co. CEO Rob Tincknell said in an interview on Wednesday. The price per square foot would remain unchanged, he said. The Power Station is the biggest project in the Nine Elms district and is being developed by a venture between Sime Darby Bhd., SP Setia Bhd. and the Employees Provident Fund…
London Battersea Developer to Cut Home Sizes as Demand Falls
