Overseas buyers who account for half of new-home purchases in London are helping drive nearly $1 billion in sales in Circus West at Battersea Powerstation, a new neighborhood of 866 homes that will break ground in July, Bloomberg reports.

The project is part of London’s largest redevelopment area, which is centered around a decommissioned coal-fired power plant on the south bank of the River Thames. By 2030, as many as 16,000 new homes are expected to be constructed around Battersea Powerstation.

The old power plant, which was featured on the cover of Pink Floyd’s 1977 album, “Animals,” is said to said to be the largest brick building in Europe. A new U.S. embassy is also planned for the Vauxhall Nine Elms Battersea Opportunity Area, which will be served by an extension of London’s underground transit system. Source: bloomberg.com.

Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription