UK: A WELCOME INHERITANCE.

UK: A WELCOME INHERITANCE. - Next spring Nuclear Electric will put on the market one of its prime non-nuclear assets - Bankside power station, Giles Gilbert Scott's vast brickwork edifice on the edge of the Thames in Southwark, south London. Nuclear Elec

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Last Updated: 31 Aug 2010

Next spring Nuclear Electric will put on the market one of its prime non-nuclear assets - Bankside power station, Giles Gilbert Scott's vast brickwork edifice on the edge of the Thames in Southwark, south London. Nuclear Electric inherited the station - which has stood idle since 1982 - from the Central Electricity Generating Board in 1990 but, unsurprisingly, has found little use for it.

Aside from demolition, options for the station's future range from conversion into flats or offices to an aquarium or exhibition space. So far the strongest interest has come from the Tate, which has proposed installing a gallery of modern art.

Whatever the outcome, its owner must keenly anticipate the sale - with the land alone having an estimated value of £15 million and as Nuclear Electric is still in the red, any addition to its coffers would undoubtedly be welcome.

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