UPDATE: Battersea Power Station

07 June 2012

Alan Bloom and Alan Hudson of Ernst & Young LLP were appointed on 13 December 2011 as Joint Administrators and Joint Receivers of the companies that own the land containing and adjacent to Battersea Power Station

Following an extensive global marketing campaign, undertaken by Ernst & Young Real Estate Corporate Finance and Knight Frank LLP, the Joint Administrators are pleased to announce that on Wednesday 6 June 2012 they entered into an exclusivity agreement with SP Setia and Sime Darby and are working towards a timely exchange and completion of the site and associated land.