Treasury Holdings UK has unveiled its planned regeneration of Battersea Power Station and its surrounding area. The £4bn project plans to deliver the regeneration of the power station through a sustainable mixed-use development, with 8m sq ft of residential, office and retail space. The Capital’s skyline will also become home to a 300 metre glass chimney as part of an eco-dome which will cover some of the site.

When completed the 38 acre site will contain approximately 3m sq ft of residential space and become home to around 7,000 residents in 3,200 homes. The site will also include 2.5m sq ft of office space, 900,000 sq ft of retail space, 1m sq ft of hotels and serviced apartments and 500,000 sq ft of leisure and community facilities. The project also hopes to be a catalyst for the wider regeneration of the Nine Elms district. During the construction phase it is expected that 2,500 new jobs will be created and when completed it will help to create up to 20,000 new jobs.

Treasury Holdings described the plans for the power station as ‘the most advanced sustainable development ever built in the country’. The project will see Battersea return to life as a power station, producing electricity through renewable sources. The chimney and eco-dome will be part of, what is reputed to be, the largest solar driven natural ventilation system ever designed. This will eliminate the need for air conditioning for the commercial and ground floor retail units. The chimney will also house apartments with views over the city.

Rob Tincknell, managing director of Real Estate Oppertunities’ (REO) development manager, Treasury Holdings UK, said: “We don’t embark on projects that we can’t deliver. We are determined that Londoners will not be disappointed and this area will be brought back to life in the most spectacular way. It will be a place to live, work and play.”