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5 September 2012, 11:43 | Updated: 5 September 2012, 11:47
The redevelopment of Battersea Power Station, one of the best-known sights on the London skyline, will begin later this year.
The Art Deco 1930s power station and its concrete chimneys are to be regenerated to form the centre of an £8 billion redevelopment of the 39-acre site on the south bank of the River Thames.
Preparatory work for the plan to build 3,500 homes, 1.7 million square feet of office space, shops and a park, will begin later this year, with ground broken in the second half of next year.
A Malaysian consortium bought the site for £400 million earlier this year, scuppering the plans of Chelsea Football Club, which considered the site for a new stadium away from its Stamford Bridge ground.
The consortium also plans to build a Tube station on the premises that will connect to the Northern Line.