Apple to make landmark Battersea Power Station the new London home

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LONDON Technology hulk Apple (AAPL.O) pronounced on Wednesday it is relocating a London domicile to a landmark Battersea Power Station, a pierce hailed by a supervision as a pointer that vital firms are still investing after a Brexit vote.

The energy station, built in a 1930s and famous for a commanding party of art deco chimneys, stood derelict on a south bank of a River Thames for about 3 decades until a site was bought in 2012 by a Malaysian consortium.

A sum of 42 acres is being grown with around half a area earmarked for shops, restaurants and hotels and half for housing, including some apartments that are on sale for several million pounds.

The iPhone-maker will be housed in a former executive boiler residence of a energy hire and turn a largest bureau reside during a site, famous a universe over interjection partly to featuring on a cover of English stone rope Pink Floyd’s manuscript ‘Animals’.

Apple will pierce in 2021 and occupy around 500,000 sq feet (11.48 acres) opposite 6 floors, creation a understanding a largest bureau vouchsafing in a West End in 20 years, a Battersea Power Station Development Company said.

Finance apportion Philip Hammond welcomed a pierce that comes in a arise of concerns that tellurian businesses might pierce or downsize their London offices after Britons voted to leave a European Union on Jun 23.

“It’s another opinion of certainty in a UK economy, promulgation a transparent vigilance that companies are stability to deposit in Britain’s future, and that we are one of a many appealing investment destinations for a tellurian record industry,” he said.

Apple, that operates a European domicile from Cork in Ireland, pronounced 1,400 staff will pierce from a existent London offices to a new location.

“It’s a good event to have a whole group operative and collaborating in one plcae while ancillary a restoration of a community abounding with history,” a mouthpiece said.

Apple and other firms will share a site with over 4,000 homes, with a initial residents due to pierce in a subsequent few months and a initial blurb tenants opening their businesses subsequent year.

(Reporting by Costas Pitas; modifying by Stephen Addison)

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