London, much like the rest of the UK, changes and transforms with the seasons. In the summer, travellers from all over the world, and especially the Middle East, flock to the British capital, leaving behind the sweltering heat of their homelands. Some may head to upmarket Knightsbridge for a spot of shopping at Harrods or to Mayfair with its upmarket streets lined with grand terraced housing. But that could all be about to change with the development of Battersea Power Station, a sprawling 170,000-square-metre village, a stone's throw from the bright lights of Chelsea.
In 2021, the revamped site on the edge of the River Thames will open for the first time in more than 30 years. A relic of London's industrial past after it was closed in 1983, the power station is to be transformed into what could become an incredibly sought-after residential, office and leisure space all in one – offering a touch of Dubai or Singapore in the heart of London. It's a building so large that St Paul's Cathedral could fit inside without touching the sides. It's also about as famous as the Tate Modern, and once upon a time powered about a fifth of London, including the Houses of Parliament. Now, it's being turned into homes for people from across the globe, from Emiratis to Americans and Londoners.
Silence has since given way to a buzzing village with 1,000 residents already moved into apartments, independent retailers and stunning penthouses lined with Art Deco interiors inspired by the power station's 1930s-era style. And that's only phase one of a three-part construction journey that aims to bring life to the power station and the surrounding area.
Take a look inside one penthouse in the already-opened Circus West Village:
“We are not building on an existing community here,” explains Honor Fishburn, director of placemaking at Battersea Power Station Development Company, who is responsible for keeping the area’s heritage alive. “We are building on a completely empty industrial wasteland. No one’s ever lived here, only a handful of people have worked here, so we’ve got to turn this into a place where people live, work and play, and come back again and again.”
And return they may well do. London authorities have already tunnelled a brand-new underground station, the first to be built in more than a quarter of a century, which is set to open within the next two years. Seafood festivals, independent cinemas and riverside restaurants are already bringing life to the former industrial estate.
History seeps into every nook and cranny. The power station has two turbine halls that will be converted into retail spaces offering premium brands not found on the high street. Italian marble tiles and beautiful Art Deco interiors will adorn the hall that was built in the 1930s. The other hall, which was added in 1950, will be made to look more austere, while also having a distinct personality, we're told.
Every brick laid tells a story. Switch dials are kept alive and reused in living quarters, and a so-called "Heritage '33" palette takes inspiration from the power station's control rooms. Elsewhere, sharp, clean lines from the turbine hall give the apartments a contemporary feel but with a nod to the past.
Top-end premium studio flats valued at £510,000 (Dh2.3 million) come with 1930s brass taps, cool-green tiles and furnishings that wouldn't look out of place if the cast of Downton Abbey showed up there in period dress. Rich mahogany wood lines a kitchen table and there's even a Middle Eastern majlis-style "inner courtyard" fit for hosting family events. All of this overlooks London's bending river through a balcony-conservatory fit both for Britain's colder winter nights and warmer summer days. Apartments at the top of the building will also have access to a residential rooftop garden that's within touching distance of the famed chimneys, faithfully recreated using decades-old manufacturing methods.
The architects behind this mammoth task include Foster + Partners, a firm that's also responsible for the UAE's Mobility Pavilion at Expo 2020 Dubai, Berlin's Reichstag and the restoration work of Oxford's Bodleian Library. "The power station is not a traditional restoration project," Andy Bow, the firm's deputy head of studio and senior partner, tells The National. "Effectively, it was a derelict project. Some walls had collapsed.
"It's important people understand that what we're trying to do is more fundamental than a restoration project. The power station is the anchor for the new development around it."
But could all this be a place for Emiratis and residents from overseas to live, work and play? Yes, says Andrew Jones, BPSDC's director of special projects. "What people, especially from the Gulf and beyond, like is that feeling of being safe and secure, but it's not overbearing," he says.
By that, he means it will not be a gated community cut off from London's dynamism. It's a hub in its own right, slap bang in Zone One, with riverboat connections to the city heading east. An analogy to Downtown Dubai is thrown about, but isn't Battersea Power Station village closer in vision to Dubai Marina?
"Dubai Marina is a more residential zone," says Jones. "But here, its 50-50. We've got office space and as a result it's more inclusive, just like any London village … [but] this is a new London village."
Battersea won't be "prescriptive" to tastes based on second-guessing who lives there, Jones says. "There will be elements of Shoreditch, and Marylebone High Street. But this is unique."
The question on everyone's lips, though, is can Battersea Power Station retain a community feel and be a place to live, as opposed to yet another investment opportunity?
This is where would-be residents will rub shoulders with tech workers streaming in and out of Apple's London hub, which is still under construction, but the tech company will occupy the top floors of the Power Station. Jones says the properties will appeal to everyone, from Emirati families to British entrepreneurs. "This is a broad church" of singles, couples and families, he says.
The property developers have kept open spaces for community use. A smartphone app connects residents together, whether they fancy setting up a book club meeting or dog-sitting for people from the other side of the village. Should you prefer peace and quiet, that, too, is on offer in the elegant surroundings.
Jones says that one Emirati resident loved his Battersea apartment so much that he flew his mother to London simply so she could see it and enjoy the architectural space that is only a five-minute walk from Battersea Park. It's an ideal place for families and, after all, the joy of London is that it is a city for walkers.
The question on everyone's lips, though, is can Battersea Power Station retain a community feel and be a place to live, as opposed to yet another investment opportunity? The answer to that lies in the mistakes London has already made, with Battersea developers citing Canary Wharf and East End developers in post-Olympic Games Stratford as examples. In those places every metre of space is taken up as residential space to fill, they are often soulless on a weekend and little consideration was seemingly given to fostering long-term, community living.
Thankfully, the Battersea vision is already paying off. It has been so popular among those buying into phase one that housing has already opened in the surrounding area, and repeat purchases have been made as high as £1.7m for two-bedroom apartments in the historic building.
"They've seen what they've seen and they like it," says Jones, who says he often meets buyers from the Middle East. "It suits their work-life balance, which is everything people are trying to address in a work-to-live rather than a live-to-work approach. It's what we are trying to do. The utopia is a family-orientated approach here in Battersea".
In 10 to 15 years, he says, "it'll be the most extraordinary place like no other".
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
The biog
Age: 46
Number of Children: Four
Hobby: Reading history books
Loves: Sports
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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If you go
The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.
The car
Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.
Parks and accommodation
For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.
More from Neighbourhood Watch:
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
Avatar%20(2009)
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m
Winner Bella Fever, Dane O’Neill (jockey), Mike de Kock (trainer).
7.05pm Handicap $135,000 (T) 1,400m
Winner Woven, Harry Bentley, David Simcock.
7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m
Winner Fore Left, William Buick, Doug O’Neill.
8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m
Winner Rusumaat, Dane O’Neill, Musabah Al Muhairi.
8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m
Winner Benbatl, Christophe Soumillon, Saeed bin Suroor.
9.25pm Handicap $135,000 (T) 1,800m
Winner Art Du Val, William Buick, Charlie Appleby.
10pm Handicap $135,000 (T) 1,400m
Winner Beyond Reason, William Buick, Charlie Appleby.
Afghanistan Premier League - at a glance
Venue: Sharjah Cricket Stadium
Fixtures:
Tue, Oct 16, 8pm: Kandahar Knights v Kabul Zwanan; Wed, Oct 17, 4pm: Balkh Legends v Nangarhar Leopards; 8pm: Kandahar Knights v Paktia Panthers; Thu, Oct 18, 4pm: Balkh Legends v Kandahar Knights; 8pm: Kabul Zwanan v Paktia Panthers; Fri, Oct 19, 8pm: First semi-final; Sat, Oct 20, 8pm: Second semi-final; Sun, Oct 21, 8pm: final
Table:
1. Balkh Legends 6 5 1 10
2. Paktia Panthers 6 4 2 8
3. Kabul Zwanan 6 3 3 6
4. Nagarhar Leopards 7 2 5 4
5. Kandahar Knights 5 1 4 2
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
Company profile
Name: One Good Thing
Founders: Bridgett Lau and Micheal Cooke
Based in: Dubai
Sector: e-commerce
Size: 5 employees
Stage: Looking for seed funding
Investors: Self-funded and seeking external investors