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Rob Tincknell (REO) real estate administrator who owns the property, said the decision taken by the Wandsworth Council "relaunch" talks to subscribe to a joint venture partner to help finance the development of the site.

"Is the key event that gives investors something to get their teeth into", he says .jusqu ' here, 16 parts, including sovereign wealth funds have formally expressed an interest to buy a stake in the project.

REO, debt charged Irish property group shares rose 43pc 3.52% on news that had granted planning permission.

The plant is one of the most recognizable landmark points London but had lain idle since 1983, despite attempts by a collection of owners to develop.

REO proposals include m 10 square feet of offices, shops and 3,400 maisons.Cependant there still obstacles for effacer.ainsi needing a financial partner, REO must accept an extension of 600 million pounds in London Underground financing conditions.

"" It must also obtain permission by the Mayor and the Government for the project, even though Mr. Tincknell "does not all problems" on this aspect.

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