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,Powerful icon: People walking outside the Battersea Power Station project in London. The property is earmarked to become one of the most exciting retail and leisure destinations in Central London.

LONDON: The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has officiated the opening of Malaysian-owned Battersea Power Station in Central London, ahead of its public launch today.

His Majesty symbolically turned the power back on in Turbine Hall A, which had laid dormant for over 40 years and will now house part of the power station’s retail offering.

He then unveiled a plaque commemorating the visit, permanently engraving the strong ties between Malaysia and the United Kingdom.

His Majesty was accompanied by Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah Almarhum Al-Mutawakkil Alallah Sultan Iskandar Al-Haj, along with the Malaysian High Commissioner Datuk Zakri Jaafar.

Their Majesties’ arrival at the Battersea Power Station were received by Permodalan Nasional Bhd (PNB) group chairman Tun Arifin Zakaria, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, Zakri, UK Minister for Investment Dominic Johnson and UK Minister for Trade Policy Greg Hands.

After nearly four decades since its closure, the newly restored London landmark, owned by a consortium of Malaysian investors which comprised S P Setia Bhd, Sime Darby Property Bhd and the Employees’ Provident Fund (EPF), is set to open its doors to the public for the first time today.

Sime Darby Property and S P Setia each have a 40% stake in the Battersea Power Station, while the EPF has the remaining 20%.

Having over 100 shops, bars, restaurants and leisure venues, the Battersea Power Station is earmarked to become one of London’s most exciting retail and leisure destinations.

With an estimated gross development value of £9bil (RM46.78bil), the 42-acre development also includes a number of residential and office blocks.

Under the custodianship of its shareholders, the iconic landmark has been restored to its former glory, and the wider area has been transformed into a vibrant community.

In 2019, PNB and EPF became the long-term commercial asset holders securing the future of the landmark for the future generation.

According to Zakri, the reopening of the Battersea Power Station is a testament of Malaysia’s capability in undertaking major development projects in the UK.

He is confident there will be more similar endeavours in the future.

He applauded the stakeholders for all of their efforts in rehabilitating and redeveloping the Battersea Power Station.

“This is an outstanding achievement and represents the close bilateral, economic and investment ties between Malaysia and the UK,” he added.

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