Many Londoners aren't aware of it but the city is in the midst of a massive transformation that will turn a once-undesirable area south of the Thames into a thriving residential and commercial district within five years.

The refurbishment of the famous Battersea Power Station is the centrepiece of the vast STG15 billion ($A28 billion) Nine Elms project on former industrial land that historically served the affluent north of the city. Stretching from Lambeth Bridge to Chelsea Bridge, the area is home to the New Covent Garden…