EPF sells London property for RM1.15bil
Malaysia's state pension fund, the Employees Provident Fund (EPF), has sold its property at One Sheldon Square in London's Paddington Central to British Land Company Plc for 210 million pounds ( RM1.15 billion) .
Malaysia's state pension fund, the Employees Provident Fund (EPF), has sold its property at One Sheldon Square in London's Paddington Central to British Land Company Plc for 210 million pounds ( RM1.15 billion) .
The UK-based real estate firm said in a media statement on Tuesday that it has completed the acquisition of the property, comprising nearly 200,000 square feet of freehold office space over nine floors.
The deal also marks EPF's first property disposal in the UK.
EPF, the world's sixth-largest pension pool, also owns real estate in Germany and France.
- Reuters
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