After five years of hand-wringing, head-scratching and the odd outburst from Prince Charles, it looks like the infamous Chelsea Barracks site is finally about to begin its prom queen-style transformation.

Battersea-based developer Northacre Plc is about to embark on a summer spending spree, after announcing a tie-up with a major Abu Dhabi-based investment firm. The Lancasters

David Cameron has announced that Battersea Power Station's long-awaited £8bn redevelopment will will begin next year, describing the 16ha site and Rafael Vinoly plans as “quite simply one of the…