The Malaysian buyers of London's landmark Battersea Power Station have said the site will be worth £8 billion after 15 years of building work.
The consortium did concede that the time line for the 39 acre project may slip.
The site was sold by Lloyd's Bank and NAMA. Treasury Holdings had hoped to develop the site and the decision to sell is now the subject of a court challenge.
A consortium based in the island of Jersey that includes Malaysian developer SP Setia, Sime Darby Bhd and a subsidiary controlled by the Malaysian Employees Provident Fund pension fund paid £400m for the riverside site on Wednesday and will build a scheme of offices, homes and shops.
The Channel island of Jersey is commonly used as a tax haven and base for investors seeking anonymity.
"There is no assurance that (the) external factors may not delay completion of the project," the companies said in a statement.
They were referring to typical delays that can occur during construction work but that have added resonance for a site that has been the subject of repeated failed redevelopment attempts in the 30 years since it closed.
