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Instructions and Help about 8850 Form Renewal

Sting Bear Grylls and even Harry Styles these celebs are rumored to have bought multimillion-dollar apartments in London's Battersea Power Station the 11 billion dollar development in South London will house 25,000 people and employ more than 17,000 when complete in 2025 but the project like the rest of London has been hit because of the slowdown in the capital's real-estate market prices are down 10.8 percent in central London all because it breaks it it's why the developers switched focus from selling residential units to commercial ones Apple signed on last year and is taking all six floors of office space within the power station so in the last 12 months we've switched focus on residential sales kept that going but looked at sort of leasing that office space and we're locking onto secured Apple that year so we really had a balanced opportunity about driving both residential sales and office market at the same time the development insists that the project has still been a bonanza for investors now this is how one of the kitchens would look like if you bought in two phases one two or three here at the Battersea Power Station but in a poster breaks it world and with a soft London real estate market what kind of an impact will that have on future sales for phases four or five six seven or eight the developers say that because of the slowdown in london's prime real estate market a debate is underway about whether or not to alter plans and build more office space but now our conundrum is a positive thing going but actually we are now a major office destination should we be flipping some offices some residential into offices so I think as we move forward there's no intention to slow down the phases we actually how began add more security by being able to have the variety between a residential mark in an office market to see how best to position our buildings Phil Han CNBC London still watching perfect click here to watch another great video from CNBC international oh and don't forget to subscribe thanks for watching

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