Battersea Power Station: Out of the frying pan into the fire

Dec 19 2011 Published by under Battersea Power Station

The horror story continues…

Nightmare on Nine Elm Street

The abysmal Vinoly plans for Battersea Power Station that we had all hoped were finally dead and buried with the collapse of previous owners REO has come back to haunt all who care about the beautiful building and the quality of life for all those living in its shadow and the surrounding area.

Just when you thought it was safe Architect Viñoly has been hired as “creative brain” behind developer Mike Hussey’s plan for a new stadium for Chelsea football club. AAAHHHHHHGGGGG……

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Your TV tonight: The undead Grey Men of Battersea Power Station

Dec 01 2011 Published by under Battersea Power Station

On ITV’s London Tonight and LBC radio you can watch or hear Ravi Govindia, the leader of Wandsworth Council who, as former cabinet member for “strategic planning and transportation”, is particularly responsible for the failed private-property owner led regeneration of the area,  trying to defend the borough’s pathetic policy towards the obviously flawed and greedy plans for Battersea Power Station.

Only a few days ago George Osborne and Boris Johnson were doing their best to puff the disastrous scheme which is now as all but dead and buried by the creditors calling in their loans.


For the Battersea Power Station Community Group (BPSCG) it is just another “new beginning” as the fourth developer limps off stage to boos and jeers.

Keith Garner is also interviewed calling for the whole site to be put into public ownership for a sensible, viable, gradual development of the historic and beautiful building and its surrounding site. An ideal exhibition for industrial power ( see our previous blogs). Keith cites the difference in the approach of Southwark to the other Gilbert-Scott designed river front power station, the highly successful Tate Modern. Through partnerships and a gradual, planned development it shows what Battersea residents could have had these past 30 years.

WATCH: ITV London Tonight on Battersea Power Station debt

Spectacle’s crew were there today too and will be posting soon the bits of the interviews the broadcaster left out. Including an hilarious episode where the owners try to stop ITV filming by shutting the gates. Perhaps their last act.

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Creditors call in Battersea Power Station debts

Dec 01 2011 Published by under Battersea Power Station

For Sale

 

NAMA and Lloyds  are owed 502 million pounds ($786 million) by the owners of Battersea Power Station and they want their money back. Now.

Despite REO’s attempt at positive spin (see below) their ridiculous plan is over and it is about time the heritage site was brought into public ownership and restored as a site for Industrial Power.

 

Real Estate Opportunities plc (the Company)
Battersea Power Station facilities:

The Company announces that certain subsidiaries (BPS Subsidiaries) of Battersea Power Station Shareholder Vehicle Limited, the holding company of Battersea Power Station formed for the purposes of the restructuring that was announced in April 2011 and which is 54% owned by the Company, have received demand for repayment from Bank of Scotland plc, as agent for the National Asset Management Agency (NAMA) and Lloyds Banking Group the (together the senior lenders), under the senior facilities advanced in respect of the Battersea Power Station site, aggregating approximately £324m, and from Oriental Property Limited under the facilities advanced by it to the BPS Subsidiaries, aggregating approximately £178m. The BPS Subsidiaries are currently not in a position to satisfy these demands for repayment.  The Company has also been advised that NAMA  and Lloyds Banking Group have applied to the English court for the appointment of administrators to certain of the BPS  Subsidiaries and that a hearing for this purpose is to be held on 12 December 2011.
The Company remains in discussions which may result in the disposal of the group’s interest in the Battersea Powerstation site and repayment of associated liabilities.  However, there is no certainty that any such transaction will be effected.
The Company’s other assets, which are situated in Ireland, are unaffected by the above developments. The Company has recently received term sheets from NAMA, the principal lender in respect of its Irish assets, indicating NAMA’s continued support for the Company’s business in Ireland.

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Why the Northern Line extension will never happen

Nov 29 2011 Published by under Battersea Power Station

The recent PR buff on Battersea Power Station has left us no closer to a solution to the issue. Chancellor George Osborne and Mayor of London, Boris Johnson, have been talking about the Northern Line extension and oligarch Roman Abramovich has received media attention by saying that he’s thinking about moving Chelsea Football Club‘s home ground South East of the site.

Extending the Northern line from Kennington to Battersea is one thing – funding the project is another. During the Autumn Statement in the Commons today, Osborne stated that the government will back the project – but did not mention with how much. He also called for “a developer” to contribute to the project and develop the power station site before a deadline of 2013.

The project is still heavily reliant on private funding and current owners Treasury Holdings is going to struggle. A scheme this size, roughly three times the size of Canary Wharf if you include Nine Elms, is always going to be difficult to get up and running at the best of times. But in a recession..?

Giving the Northern Line extension green light and talking up the moribund and equally fantastic Rafael Viñoly’s nightmare vision of gloomy glass canyons, is certainly invaluable property pump priming. And it’s hard to imagine why the Conservatives are so happy to collude in this theatre, given that they held their 2010 election campaign launch under the same chimneys which Battersea Power Station’s owner Richard Barrett, one of the co-founders of Treasury Holdings, once said “would fall in strong wind.”

Recently, Tory dominated Wandsworth Borough Council’s planning committee gave Treasury Holdings permission to demolish the power station’s chimneys on the grounds that they were unsafe. However, many experts disagree and local residents believe that, like the roof which was never replaced, the chimneys will never be re-built once they are gone. If Treasury Holdings really believe that the chimneys are precarious, it shows a very cavalier approach to the health and safety of Her Majesty’s Opposition, as there wasn’t a hard hat in sight.

The Battersea Power Station should become a World Heritage site for industrial power. The site has a unique Victorian Pumping Station with site of the biggest Cornish engine of its day. It also has spectacular gasometers dating from 1910 as well as, of course, the beautiful coal-powered art deco power station.

It would be nice to see Abramovich spend some of his heard-earned billions derived from oil, show some philanthropic decency and rescue the site from the clutches of the myopic grey men. They would simply turn the site into just another crass, desolated, windswept and empty river-front development along the banks of the Thames.

The Big Society was prime minister David Cameron’s flagship policy idea for the 2010 election campaign and has stated that it’s his “mission.” One may ask, if one of the world’s richest men isn’t going to chip in – then who will?

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Battersea Power Station- a tragi-comedy of errors

Nov 12 2010 Published by under Battersea Power Station

here today...

Battersea Power Station- a tragi-comedy of errors.

by our theatre critic BabyLonDon

Last night’s Wandsworth Borough Council Planning Committee meeting to approve the demolition of the Victorian Battersea Pumping Station and the demolition (and supposed replacement) of the iconic power station chimneys was the best show in town- Dickens in modern dress that occasionally lapsed into panto. The farce played to a packed house – with the corridors full of (vested?) interested parties straining to hear the proceedings over the PA.

The rather predictable plot- a variation on the turkeys voting for Christmas story -had a committee clearly determined to vote in favour spending three hours going through the massive planning application with just one dissenting voice of reason, played by a rather hammy councillor Tony Belton, pointing out the blindingly obvious flaws and unfeasibility of the scheme.

The real drama and humour lay in the fact that the committee seemed oblivious to the subplot- that the developers, REO (Treasury Holdings UK), are massively in “toxic” debt and in effect owned by the Irish tax payers via  NAMA and will do nothing but continue to demolish what little is left on the site and then “flip it”- selling it on as an empty brown field site for river front luxury development.

REO were unlucky that when the music of the property boom stopped they were left without a chair, but lucky enough to have their biggest non-Irish asset located in Wandsworth, infamous for having allowed the power station to fall into its current state of near dilapidation and for waving through truly hideous and desolate riverside developments.

There was something distasteful in the pathos of the affable officer’s naive presentation of the nonsensical scheme as from the public gallery hard nosed and cash hungry developers salivated at the easy meal they were shortly to enjoy.

There were comic moments as the “power dressed” committee members seemed to be made up of people who were in thrall to the promised dream of capitalism but had no clue about business. They dismissed the very real credibility gaps in the developers “vision”, enthusiastically hanging the whole wobbly edifice on the “promise” that these mega debtors (or at least Irish toxic debt vehicle NAMA) would stump up over 200 million pounds for the Northern Line Extension, or as it is known locally the “Ghost train to nowhere”. Even if this phantom train ride were real it would not happen for years even if it all went to plan… it was an evening of “even ifs”.

One comedic highlight was the officer’s report on the stringent “conditions” the council had negotiated with the Developers.

REO could take down the chimneys but must replace within 7 years.

REO could remove the embarrassing sight of the wharf cranes they are letting rot and could “restore” them inside the hulk of the rotting power station.

REO could first develop a slither of land on the north west river front. Happily the piece of land with most instant resale value, being the furthest from the smelly and polluting waste transfer facility on the north east water edge of the site and the cluster of huge gas holders on the south west edge, deemed by the HSE to be enough of a potential danger to society they recommended the scheme was rejected. This danger of an inferno seemed not to trouble the committee who dismissed the HSE’s concerns. One councillor mocked it as health and safety gone mad as residents of the later phases of the development nearer the potential blast would have chosen to buy their luxury flats aware of the risk.

They also swallowed, uncritically, the completely spurious argument for knocking down the grade II listed Victorian pumping station on the grounds it was a “community benefit” in order to “save” the power station apparently achieved by destroying its architectural value by knocking windows all along its sides and turning it into a shopping mall with luxury flats.

All of the responsibilities and commitments of REO were locked into phases of the development projected way into the future. As REO have no real intention, or means, to “deliver” these planning pipe dreams they were in effect getting off Scot free. The only thing the planning committee’s decisions would guarantee were the demolitions.

The press has been full of the glossy artists impressions of this bright new future but actually it is a dark day for most Battersea residents as this scheme will deliver nothing but another decade of planning blight. A bleak future without two of the regions most precious and best loved buildings.

The optimists had to accept that even if the Power Station were to survive this scheme it could not actually be seen from anywhere in the borough once surrounded by the 15+ storey buildings REO planned.

Given the power station is Wandsworth Borough council’s logo it was indeed a turkey landslide vote for every day being christmas.

BabyLonDon’s Final Verdict: Funny but sad. Not an “An absolute triumph”

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Battersea Power Station demolition by stealth gets council go ahead

Nov 12 2010 Published by under Battersea Power Station

Tonight, with only one vote against, the London Borough of Wandsworth’s Planning Committee gave the green light for the demolition by stealth of Battersea Power Station by approving the chimneys are removed and (maybe?) replaced and the total destruction of the Victorian Pumping Station as predicted. Condemning north Battersea to another 15 years of urban blight.  But take heart there are still many rivers to cross (for the developers) and many opportunities along the way for us to propose more imaginative uses and to prove that urban planning by speculation is not viable or in the public interest.

For a full report read the review by Spectacle’s theatre critic BabyLonDon

“An absolute triumph”

Coming soon… details of our photographic competition: Soon to be Lost Views of Battersea Power Station

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Unauthorised Battersea Power Station Helipad – NO ACTION

Nov 11 2010 Published by under Battersea Power Station

IMG_2642

The unauthorised use of the grounds of the Battersea Power Station as a private helipad has received no action under the ENFORCEMENTS section of the Wandsworth Council’s Planning Application Committee agenda to be discussed at today’s meeting.

Residents have been expressing concerns since as early as June 2003 about helicopter flights causing noise and disturbance, and according to the Committee report:

DETAILS:  The number of helicopter flight movements (a landing and take-off) at
this site within the power station is logged by the Battersea Heliport and its monthly returns shows that the current level of movements is between 14 and 56 per month over the last year, an average per month of about 35 movements.   This compares to a monthly average of between 30 and 51 movements per month over the last ten years, with a peak in activity during the months of May, June and July 2007 (93, 96 and 92 movements, respectively).

All other breaches of planning control in Wandsworth Borough by small businesses are being enforced by the Committee, but nothing is being done to enforce the removal of the helipad:

RECOMMENDATION:  That the committee endorses the view that it is not
expedient to take enforcement action against the use of part of the site of Battersea
Power station for the take-off and landing of helicopters, based on the current level of usage, and that the complainants be informed accordingly.

One rule for the rich and powerful, and another for smaller, less well-connected enterprises?

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Battersea Power Station chimney and Pump Station demolition meeting

Nov 09 2010 Published by under Battersea Power Station

Wandsworth Council’s Planning Applications Committee will (almost certainly) decide to give the go-ahead for the demolition of the chimneys at Battersea Power Station and the listed  grade II Victorian Water Pumping Station despite widespread and expert objection. The meeting is at the

Wandsworth Town Hall Thursday 11th November 7pm

(Please note the earlier than usual start time)

The Town Hall
Wandsworth High Street
London
SW18 2PU

Go to Details and reports for more info and to download the reports online the application number 1 is 2009/3575, No 4, 2009/3676 demolition of chimneys etc, no 3, 2009/3577, no 4, 2009/3578 Demolition of Water Pumping station.

Brian Barnes MBE, Chair of Battersea Power Station Community Group,  has issued a press release on behalf of the BPSCG:

If it were ever built, the Power station would be obscured by massive blocks of luxury flats and hotels. The Power Station will be altered with changes that will spoil the Grade 2* listed building with windows in the side walls, 1950s control room dismantled, new false ceilings in the main turbine hall, pods for penthouses covering the roofs and chimneys demolished and replaced by replicas (as if). Out of 3700 flats, only about 500 to be part buy/part let (so called “affordable”). The Grade 2 listed Battersea Water Pumping Station will be destroyed completely “in the public’s interest”. Any gain of public open space is unusable as it will be lakes and moats to reflect views of Power Station, as if there isn’t enough water with the Thames flowing past…

You can read the full press release here www.batterseapowerstation.org.uk

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See more of Spectacle’s Photos of Battersea Power Station

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Chimneys standing firm

Sep 29 2010 Published by under Battersea Power Station

REO continue to shoot themselves in the – what by now must be, given their perilously brittle financial circumstances, bare – feet. Their persistent corporate prostitution of the inner sanctuary of the Battersea Power Station (for yous philistines who don’t know is now renamed THE BOILER ROOM) rips away any last layer of credibility from the assertion that the iconic chimneys of Battersea Power Station should be demolished for safety reasons.

Photo taken from beyond the danger zone

This declaration is a major part of REO’s planning application, stating that the chimneys are monstrously dangerous actually, given that they could fall down imminently. This is the reason, according to Planning Director of REO and Treasury Holdings Jeremy Castle, that there is a strict thirty metre exclusion zone around each of the chimneys at each event. Quite how they maintain this INSIDE the structure of the power station is a mystery.

What undermines these claims is that there have been a slew of conferences, dinners and even large scale events in and around the power station throughout the year; from the recent Red Bull X-Fighter Motorcross event to the upcoming SHINE benefit dinner in November (where a canopy and walkway to access The Boiler Room will be constructed for guests). These events, inclusive of the Paul McCartney gig inside the station back in July, would not be permitted to take place if there was any truth to these safety concerns, so this fallacy of collapsing chimneys is but a clever marketing shoehorn to strengthen the application process. Which ironically of course, will be slowed down to increase the value of the land if the application is accepted.

This flagrant contradiction only adds to the  controversy surrounding REO, given that they are over a billion in debt, unable to pay interest to creditors, heavily criticised by heritage institutions such as the Victorian Society, Kew Bridge Engine Trust and the Greater London Industrial Archaeology Society, and planning an unwanted underground line extension. The current plans for the station, which you can read more about on our Spectacle Battersea Blog, also include planning requests for an office and leisure complex, riverside access, a hotel, and 3,700 luxury flats.

To send in a written objection to the plans to demolish the station and its neighbouring Grade II* listed sister pumping house, address it to Bob Leuty at Wandsworth Council, planning applications@wandsworth.gov.uk . The deadline for written objections is 5pm tomorrow (30th September), and you can also contact your Wandsworth Councillor and ask them what their view is on this before deciding how to vote.

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What’s happening at Nine Elms?

Jul 27 2010 Published by under Battersea Power Station

Battersea Power Station view from south

Two chances to hear about Nine Elms redevelopment, including Battersea Power Station and the US Embassy. Nine Elms is central London’s biggest regeneration opportunity. The area covers more than 450 acres of land along the south bank of The Thames – the vast majority of which is gearing up for major redevelopment.

Tues 27/7/2010 @ 7.30pm
ROSE Clubroom, Ascalon St SW8
Ascalon St is between
Thessaly Rd and Stewarts Road on Savona Estate access by car is from Wandsworth Road

link to a MAP and you can register your attendance for this meeting

Weds 28th July 2010 @ 7.30
All Saints Church, Prince of Wales Drive SW11.

Link to register attendance for this meeting and Map

Map All Saints Church is near Queenstown Roundabout

Wandsworth Economic Development Office have arranged these meetings chaired by Cllr Govindia and Cllr Lister.

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