Battersea boss Rob Tincknell to power down on £9bn development

The chief executive of the company leading the £9bn development of Battersea Power Station has resigned after ten years on the project in order to “do other things”. Rob Tincknell said it had been a difficult decision to leave the “extraordinary project” and hand over control of the company to Simon Murphy, its chief financial officer. Tincknell, 51, has been the public face of the Battersea Power Station Development Company since 2008, as it restores the famous 1930s grade II* listed building. The project is being bankrolled by three Malaysian companies. The Telegraph adds that the power station itself was sold by its former Malaysian owners to pension fund Employees Provident Fund of Malaysia and Malaysian asset management group Permodalan Nasional Berhad earlier this year for £1.6bn – making it the largest property deal carried out in the UK. Tincknell, who gave no reason for his departure, will remain involved with the scheme as a member of the Battersea Project Advisory Board. Click here for the full Times article (£) Click here for the full Telegraph article Click here for the full EG article