NAMA has welcomed the confirmation of the sale Battersea Power Station and lands.
Two Malaysian companies are to purchase Battersea Power station for £400m (€495m) sterling.
The site is being sold by Lloyd's Bank and NAMA and is the subject of a court battle with Treasury Holdings over the decision to sell the property.
Treasury Holdings sharply criticised today's deal saying that it would cause further losses for taxpayers.
Brendan McDonagh, Chief Executive of NAMA, welcomed the sale. He said that they have now entered into an exclusivity agreement with SP Setia and Sime Darby on the purchase of the asset which should lead to a full repayment of all NAMA's debt on this asset.
A NAMA spokesperson had no comment to make in response to Treasury Holding's statement.
The listed property on a 15 hectare site on the south bank of the Thames has been the subject of repeated failed redevelopment attempts in the thirty years since it shut.
Chelsea Football club were reportedly interested in the site but Malaysia's SP Setia Bhd and Sime Darby Bhd's property arm have announced the acquisition.
The crumbling riverside edifice - Europe's largest brick structure - and its quartet of art-deco white chimneys have been a recognisable silhouette on the London skyline for 80 years.
