Shopping center, a point of attraction of the whole of London and even an international tourist center.
The new Battersea shopping mall is getting ready to open in London. With its opening, which is scheduled for October 14, 2022, in fact, the fifty-year era of construction of shopping malls throughout the United Kingdom will end.
Analysts state that the UK retail real estate market has reached complete saturation. To date, there is not a single city in the country, which has a need for new shopping centers.
The mall opening on the site of Battersea Power Station, a stunning landmark, heralds the end of developer activity in the retail segment.
The building was built in two phases in the 1930s and 1950s. In the last century, Battersea Power Station provided 20% of London's energy needs. By the early 1980s, however, the building was demolished and then demolished uncontrollably for decades.
In 2012, investors from Malaysia selected the site for redevelopment and decided to erect a large-scale mixed-use complex with residential, office and retail space. At the center of the project was once again the renovated Battersea Power Station.
On the eve of the project developer Development Company announced that 90% of the new shopping center's space has already been leased or is in the process of signing contracts. About 60 stores and restaurants will open their doors to customers when they officially open out of the 100 tenants. Most of the stores will be open by Christmas, and Third Space Fitness Club and the giant Arcade Foodhall will open in 2023.
The retail gallery promises to feature an impressive pool of tenants - clothing, beauty and outdoor stores. But Battersea will attract customers, including industrial interior architecture that combines both brutalist Sharonbil chic and Art Deco finishes. An observation deck called Lift 109, located in one of the 109-meter chimneys, is also claimed to be among the tenants. Analysts point out that the new project can simultaneously become a quality shopping center, a point of attraction of the whole of London and even an international tourist center.