As the centrepiece of Europe's largest urban regeneration, Battersea Power Station has come a long way from a symbol of post-industrial blight to a luxurious enclave promising spectacular lifestyle choices on the banks of the Thames.
Look east from the balconies of the penthouse apartments set snugly between the four towering white chimneys of the former electricity plant and a river snakes past the Houses of Parliament, the London Eye plus many skyscrapers, including the arrow-like Shard.
Work on the all-brick power station has been completed this summer and an army of outfitters has moved into the two central halls, where dozens of shops and retail outlets are set to open before the end of the year.
Plonked on top is the 18-duplex, £7m ($8.6m) Sky Villas, where the rooftops offer an unrivalled outdoor entertaining space.
The heritage of the building has been preserved in the works. A glance upwards reveals the former station operating room, while a look sideways shows the preserved tiling of an Art Deco-era original fit-out.
When The National visited the 17-hectare former industrial brownfield site, the first main street retailer — one of the more than 100 shops — had just erected its shopfront sign above the door.
To crane your neck backwards at the lifts to the Sky Villas is to look up to the sky through a distinctive white chimney.
The Grade II-listed monumental features were rebuilt section by section (using wheelbarrows) from scratch. When a viewing platform opens, one of the chimney lifts will carry visitors to a height 109 metres above sea level.
Two other chimneys fulfil their historic function carrying off steam from the power generation units beneath the building.
The development was only removed from Historic England’s Heritage at-risk register before its full opening to the public after the owners, a consortium of Malaysian investors, agreed to put the funding for restoration in a special bank account overseen by the local planners.
The latest phase to open to residents boasts the unique for London experience of living in a space designed by the Los Angeles based Frank Gehry, the architect behind the Guggenheim Abu Dhabi museum set to open in 2025.
Prospect Place is a cluster of towers that is bounded by the shops and offices of Electric Boulevard, which leads to the area's own underground station. It recently marked two million passengers since opening.
As with all Gehry properties, no two rooms are the same and the building quality is particular to each apartment.
The corridors to the apartments are laid with distinctive dappled red carpet that is the signature of other properties from the LA studio.
Private roof gardens give the residents a vantage point on a power chimney that will surely feature in many Instagram posts.
The Gehry towers stand next to a Foster and Partners roof gardens building, which sits on the other side of the boulevard.
There are suggestions that the two great architects played off each other in designing cheek by jowl properties for the first time.
There are more than 2,000 residents scattered across the development, while in recent weeks the number of building workers has dropped from 4,000 to just 800 outfitters.
How Battersea kept London lit during the Blitz
One of the most heavily defended sites in London during the Second World War, Battersea Power Station kept the lights of the city on during the Blitz.
Barges carried the coal that fired its turbines to be offloaded on what is now a boardwalk on the river.
The Art Deco features of Control Room A have survived and is now a hospitality space for hire. Apple is anchor tenant in the power station.
First approved by planners at the local council in 2010, the £9bn project broke ground in 2013 when work commenced on the first phase of the eight-phase project to build a new mixed-use neighbourhood and business quarter south of the river on derelict land.
It was an enterprise with a track record of failure until that point. One owner had wanted to build an adventure playground and had ripped off the roof before running out of money.
The property somehow kept its hold on the public imagination in London, not least because of the artwork associated with Pink Floyd's Animals album.
The psychedelic rock band who sang about London's decline and social decay floated a giant pink pig between its chimneys in November 1976.
The completed project will have 25,000 people living and working on the site, making it one of London’s largest office, retail, leisure and cultural quarters with 250 shops and cafes, restaurants, a theatre, hotel and cinemas, as well as 7.68 hectares of public space, including a park.
For the developers, this feeling of a new neighbourhood is the one that is now drawing most attention.
"The apartments are one thing but the mixed use elements of this 15-minute neighbourhood is what really appeals," said Matthew Sansom, director of residential sales.
"Having the Tube, having the retail, having the food and beverage as the power station comes into its own.
"It's a completely new area but we've got the building that anchors the site, Battersea Park on our doorstep, which has always been popular with residents of Chelsea, and Apple being based here, and a further 200,000 square feet of office space coming onstream."
Any visitor to the area remains compelled by the old power station building, which was derelict and open to the elements when the current owners took over the project in 2013.
The original supplier oversaw the creation of a special new "Battersea Blend" brick to replace some of the original six million used in the main building.
Now rebuilt using 1.75 million new bricks, the turbine halls that once powered south and west London have been revived in minimalist style.
Inside there are natural light wells and a feature called the bandstand, which hangs from the ceiling and was formerly a moving crane that carried coal across the cavernous interior.
"It's a space where we can put musicians, we can put a car in there, we can advertise anything and it goes up and down the space," says one of the marketing team. "It's a very cool addition."
The frequency of trains at the Battersea Power Station Tube station on the Northern Line has been raised to 12 an hour during the day and Tottenham Court Road, where the new Elizabeth Line connects, is just 23 minutes away.
"It’s a massive unlocking of the neighbourhood," said Mr Sansom. "Autumn will be a very big moment."
Battersea Power Station through the years - in pictures
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'Young girls thinking of big ideas'
Words come easy for aspiring writer Afra Al Muhairb. The business side of books, on the other hand, is entirely foreign to the 16-year-old Emirati. So, she followed her father’s advice and enroled in the Abu Dhabi Education Council’s summer entrepreneurship course at Abu Dhabi University hoping to pick up a few new skills.
“Most of us have this dream of opening a business,” said Afra, referring to her peers are “young girls thinking of big ideas.”
In the three-week class, pupils are challenged to come up with a business and develop an operational and marketing plan to support their idea. But, the learning goes far beyond sales and branding, said teacher Sonia Elhaj.
“It’s not only about starting up a business, it’s all the meta skills that goes with it -- building self confidence, communication,” said Ms Elhaj. “It’s a way to coach them and to harness ideas and to allow them to be creative. They are really hungry to do this and be heard. They are so happy to be actually doing something, to be engaged in creating something new, not only sitting and listening and getting new information and new knowledge. Now they are applying that knowledge.”
Afra’s team decided to focus their business idea on a restaurant modelled after the Leaning Tower of Pisa. Each level would have a different international cuisine and all the meat would be halal. The pupils thought of this after discussing a common problem they face when travelling abroad.
“Sometimes we find the struggle of finding halal food, so we just eat fish and cheese, so it’s hard for us to spend 20 days with fish and cheese,” said Afra. “So we made this tower so every person who comes – from Africa, from America – they will find the right food to eat.”
rpennington@thenational.ae
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
Results
United States beat UAE by three wickets
United States beat Scotland by 35 runs
UAE v Scotland – no result
United States beat UAE by 98 runs
Scotland beat United States by four wickets
Fixtures
Sunday, 10am, ICC Academy, Dubai - UAE v Scotland
Admission is free
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 178hp at 5,500rpm
Torque: 280Nm at 1,350-4,200rpm
Transmission: seven-speed dual-clutch auto
Price: from Dh209,000
On sale: now
On the menu
First course
▶ Emirati sea bass tartare Yuzu and labneh mayo, avocado, green herbs, fermented tomato water
▶ The Tale of the Oyster Oyster tartare, Bahraini gum berry pickle
Second course
▶ Local mackerel Sourdough crouton, baharat oil, red radish, zaatar mayo
▶ One Flew Over the Cuckoo’s Nest Quail, smoked freekeh, cinnamon cocoa
Third course
▶ Bahraini bouillabaisse Venus clams, local prawns, fishfarm seabream, farro
▶ Lamb 2 ways Braised lamb, crispy lamb chop, bulgur, physalis
Dessert
▶ Lumi Black lemon ice cream, pistachio, pomegranate
▶ Black chocolate bar Dark chocolate, dates, caramel, camel milk ice cream
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Teams
India (playing XI): Virat Kohli (c), Ajinkya Rahane, Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Hanuma Vihari, Ravichandran Ashwin, Ravindra Jadeja, Wriddhiman Saha (wk), Ishant Sharma, Mohammed Shami
South Africa (squad): Faf du Plessis (c), Temba Bavuma, Theunis de Bruyn, Quinton de Kock, Dean Elgar, Zubayr Hamza, Keshav Maharaj, Aiden Markram, Senuran Muthusamy, Lungi Ngidi, Anrich Nortje, Vernon Philander, Dane Piedt, Kagiso Rabada, Rudi Second
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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ABU DHABI ORDER OF PLAY
Starting at 10am:
Daria Kasatkina v Qiang Wang
Veronika Kudermetova v Annet Kontaveit (10)
Maria Sakkari (9) v Anastasia Potapova
Anastasia Pavlyuchenkova v Ons Jabeur (15)
Donna Vekic (16) v Bernarda Pera
Ekaterina Alexandrova v Zarina Diyas
Scotland's team:
15-Sean Maitland, 14-Darcy Graham, 13-Nick Grigg, 12-Sam Johnson, 11-Byron McGuigan, 10-Finn Russell, 9-Ali Price, 8-Magnus Bradbury, 7-Hamish Watson, 6-Sam Skinner, 5-Grant Gilchrist, 4-Ben Toolis, 3-Willem Nel, 2-Stuart McInally (captain), 1-Allan Dell
Replacements: 16-Fraser Brown, 17-Gordon Reid, 18-Simon Berghan, 19-Jonny Gray, 20-Josh Strauss, 21-Greig Laidlaw, 22-Adam Hastings, 23-Chris Harris
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What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
RACE CARD
5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m