The London-based Evening Standard newspaper reported yesterday that the long-awaited redevelopment of Battersea Power Station. As mentioned previously on these news pages, developer Parkview International bought the power station, immortalized on the cover of Pink Floyd's Animals album, over ten years ago. Contracts have finally been signed for a £750 million redevelopment. The 38 acre site is scheduled to be completed in 2008 and will include two five-star hotels with more than 1,000 rooms and conference facilities, a theatre/auditorium with up to 4,000 seats, office space and 710 flats.

The massive listed power station itself will be converted into an "entertainment, events, commercial and cultural focus for London", said Parkview owner Victor Hwang.