Malaysian bidders buy London icon

Malaysian consortium beats Chelsea FC in bid for London icon

SP Setia and Sime Darby bid ₤400 million for Battersea Power Station.

<div style="text-align: left;"> Battersea's famous power station, which provided electricity for south-west London until 1983 </div>

Nick Ferguson

June 08, 2012

Malaysian developers SP Setia and Sime Darby Property have become preferred bidders for the iconic Battersea Power Station in south-west London. The two companies signed an agreement yesterday to pay £400 million ($620 million) for the site, beating offers from more than a dozen rival bidders that included Chelsea Football Club.

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