The chief executive of the developer behind the £8bn Battersea Power Station scheme has denied the scheme has had to cut sales prices as a result of the downturn in the "prime" London property market hitting out at "scare stories" about the Nine Elms regeneration. Battersea Power Station Development Company chief Rob Tincknell told Building that not a single purchaser had defaulted on their purchase so far in the whole Nine Elms area and that the power station had made a further £110m from residential sales in the last six months from just 50 properties.
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