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07/06/2012
Malaysian Group Outbid Chelsea For Battersea Power Station
Chelsea Football Club has lost out in its attempt to redevelop Battersea Power Station, being outbid by Malaysia's SP Setia and Sime Darby.
Some 15 bidders submitted plans last month to buy the protected 15-hectare site on the south bank of the river Thames, which has been the subject of repeated failed redevelopment attempts in the three decades since it shut.
The Malaysian property companies have inked an exclusivity agreement with Alan Bloom and Alan Hudson of Ernst & Young, the joint administrators and receivers, to acquire the site for £400m, SP Setia and Sime Darby said in a joint statement on Thursday.
The deal marks SP Setia's first foray into Europe and adds to its residential schemes in Vietnam, Singapore and Malaysia.
The Malaysian companies said the redevelopment of the site would revive southwest central London.
SP Setia and Sime Darby will build a new underground train station as part of the proposed extension of the northern line of the London network.
(H)
Some 15 bidders submitted plans last month to buy the protected 15-hectare site on the south bank of the river Thames, which has been the subject of repeated failed redevelopment attempts in the three decades since it shut.
The Malaysian property companies have inked an exclusivity agreement with Alan Bloom and Alan Hudson of Ernst & Young, the joint administrators and receivers, to acquire the site for £400m, SP Setia and Sime Darby said in a joint statement on Thursday.
The deal marks SP Setia's first foray into Europe and adds to its residential schemes in Vietnam, Singapore and Malaysia.
The Malaysian companies said the redevelopment of the site would revive southwest central London.
SP Setia and Sime Darby will build a new underground train station as part of the proposed extension of the northern line of the London network.
(H)
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06 December 2011
S&P Threaten To Derail Euro Rescue
A major credit ratings agency has sent shockwaves through Europe just as Germany and France broker a last minute deal to save the eurozone. Standard & Poor warned on Monday evening they were considering downgrading the credit rating of a swathe of European countries, including it's two largest and leading members, France and Germany.
S&P Threaten To Derail Euro Rescue
A major credit ratings agency has sent shockwaves through Europe just as Germany and France broker a last minute deal to save the eurozone. Standard & Poor warned on Monday evening they were considering downgrading the credit rating of a swathe of European countries, including it's two largest and leading members, France and Germany.
17 August 2007
Holidaymaker Killed By Tree
A UK holidaymaker has been killed by a falling tree in France. The 61-year-old was struck by the tree as she sat on a café terrace in Brouage near La Rochelle in western France. Her daughter was also injured by the tree.
Holidaymaker Killed By Tree
A UK holidaymaker has been killed by a falling tree in France. The 61-year-old was struck by the tree as she sat on a café terrace in Brouage near La Rochelle in western France. Her daughter was also injured by the tree.
02 September 2015
Eggborough Power Station May Cease Operations
Eggborough Power Station may have to cease generating power by March 2016, subject to consultations with staff and government bodies. The coal-fired power station requires additional funding of £200m over the next three years to continue generating power, which the company says is "financially unsustainable" for the 53-year-old plant.
Eggborough Power Station May Cease Operations
Eggborough Power Station may have to cease generating power by March 2016, subject to consultations with staff and government bodies. The coal-fired power station requires additional funding of £200m over the next three years to continue generating power, which the company says is "financially unsustainable" for the 53-year-old plant.
10 June 2015
Knife Amnesty Launched In London
A month-long knife amnesty has been launched in Haringey in an ongoing crack down on knife crime. The amnesty begins today (Wednesday) and will run until Friday 09 July. Two 'weapon bins' will be made available for anyone to dispose of a knife or similar sharp weapon without being prosecuted for being in possession of them.
Knife Amnesty Launched In London
A month-long knife amnesty has been launched in Haringey in an ongoing crack down on knife crime. The amnesty begins today (Wednesday) and will run until Friday 09 July. Two 'weapon bins' will be made available for anyone to dispose of a knife or similar sharp weapon without being prosecuted for being in possession of them.
15 June 2012
Tesco Buy Internet Radio Station We7
Internet radio station We7, co-founded by Peter Gabriel, has been bought by Tesco in a £10.8m deal bolstering its internet offer with movie and music streaming services. Billed as like "having a personal DJ", the website lets listeners create a personalised radio station by picking the artists they want to listen to.
Tesco Buy Internet Radio Station We7
Internet radio station We7, co-founded by Peter Gabriel, has been bought by Tesco in a £10.8m deal bolstering its internet offer with movie and music streaming services. Billed as like "having a personal DJ", the website lets listeners create a personalised radio station by picking the artists they want to listen to.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
