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Treasury Holdings gets go-ahead for Battersea

THE Irish-led €7bn development plan of Battersea Power Station has been given final approval by the British government.

Treasury Holdings's Richard Barrett and Johnny Ronan (right), are now looking for a buyer for a 50pc stake for their Jersey-registered company Real Estate Opportunities so that the 10-year plan can go ahead.

The green light was given to the development to change the iconic site into 3,400 homes and 3.5 million sq ft of commercial space which is expected to begin construction in 2012, creating 15,000 jobs.

A London Underground Northern Line station is to be built serving the 40-acre power station site.