KUALA LUMPUR (June 11): S P Setia Bhd (KL:SPSETIA) has received the Heritage Award for the Battersea Power Station development at the FIABCI World Prix D'Excellence Awards 2024, on behalf of the consortium that developed the project.

The consortium comprises S P Setia, Sime Darby Property Bhd (KL:SIMEPROP), Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB). The award was presented on May 30 in Singapore.

“We are really honoured to receive this recognition for breathing new life into this iconic London landmark. It is all about how we have managed to preserve its history, façade and old charm while bringing in newness in our offerings and retail mix in the development. This award drives us to continue to push our boundaries in the foreign market," said S P Setia chief executive officer (CEO) and president Datuk Choong Kai Wai in a statement.

Battersea Power Station has a gross development value (GDV) of an estimated £9 billion (RM52 billion) and comprises 42 acres of prime land and real estate in London, including a 3.5 million sq ft mixed-use commercial space, 4,000 residences and the 164-room art’otel London Battersea Power Station.

The developer also received certificates from the Ministry of Housing and Local Government (KPKT) at an awards ceremony on June 7 in Putrajaya. KPKT's awards excellence ceremony was held to celebrate Malaysian property developers that win gold at the FIABCI World Prix D’Excellence Awards.

S P Setia chief operating officer Datuk Zaini Yusoff, who was present at the ceremony, said the recognition from KPKT encompassed Setia’s previous wins by its developments.

To date, S P Setia holds the highest number of gold award wins among Malaysian property developers, with a total of 17 FIABCI World Gold Prix d’Excellence Awards.