Battersea Power station, the largest brick-built building in the world, needs €200m in repairs

Real Estate Opportunities (REO), the listed property company majority-owned by Treasury Holdings, is planning to hold talks with financiers who are looking at taking an equity stake in its €4.5bn redevelopment of Battersea Power Station in London.

REO has had expressions of interest from international investors who want to become involved in funding the project. Property Week reported last week that property advisers CBRE, Knight Frank and Cushman & Wakefield have been asked to assist REO in evaluating the proposals. REO declined to comment when contacted by the Sunday Tribune.

Battersea Power Station is the largest brick-built building in the world and needs €200m of investment to be repaired. REO appointed 'starchitect' Rafael Vinoly to draw up a regeneration proposal for the building and for 38 adjoining acres of land. The centrepiece of the new development was to be an eco chimney rising 300 metres into sky which would naturally air-condition new buildings, reducing energy bills, but this looks set to be dropped after objections about its impact on views of the city's landmarks. Hotels, apartments, shops and office blocks are planned for the site.