Downtown Dubai on the Thames | Property – Gulf News
... After nearly 40 years sitting forlornly on the banks of the River Thames, one of London’s most iconic landmarks — Battersea Power Station, with its four sky-piercing white chimneys — is finally shaking off the coal dust to become one of the most talked about redevelopments in town. The new incarnation comes on the back of a few chaotic false starts and near misses — the building was nearly converted into a football stadium at one point. Last year, two Malaysian funds, Permodalan Nasional Berhad (PNB) and Employees Provident Fund of Malaysia, finally signed a repeatedly delayed deal to take a £1.6-billion (Dh7.33 billion) majority stake of the former electricity producing behemoth. ...
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