The former owner of Battersea Power Station has delisted from the Channel Islands Stock Exchange to save money, and is awaiting a judicial review relating to its row with NAMA.

Real Estate Opportunities, which was set up by Irish property company Treasury Holdings, said this morning that it was delisting to save on the costs of being listed.

It also said it expected a judicial review in Ireland in relation to its bust up with the Irish National Asset Management Agency to happen in July.

NAMA appointed receivers to some of REO’s assets earlier this year.

REO said it had delayed releasing its annual report until the week commencing 20 August as it awaited the result of this judicial review.