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The firm building luxury homes at Battersea Power Station will make £1.8 billion profit after slashing affordable homes numbers

The firm slashed the number of affordable homes it plans to build due to a lack of commercial 'viability.'

The price of luxury flats in South London areas like Battersea and Nine Elms is diving

Billions were poured into redeveloping Battersea and Nine Elms over the last few years but investor demand for luxury flats has dried up.