London Battersea Power Station Seeks U.A.E. Cash

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March 8 (Bloomberg) -- London’s Battersea Power Station is being marketed to Abu Dhabi sovereign wealth funds as part of a campaign to fund a 5 billion-pound ($8 billion) redevelopment project, The National said, citing Nick Thomlinson, the chairman of property broker Knight Frank LLP. The first bids are due in May and development groups are being formed that are likely to include sovereign funds,according to the newspaper. Thomlinson signed a partnership agreement with Abu Dhabi National Properties, a unit of National Bank of Abu Dhabi PJSC, National said. (Source: Bloomberg)


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