Retirement fund KWAP buys third UK property for RM961mil

The shopping centre, which has a net lettable area of 42,041 sq m and 71 stores, cafes and restaurants, counts major UK chains like Debenhams, Odeon Cinema, H&M, Next, TopShop, Boots and BHS as major tenants.

PETALING JAYA: Kumpulan Wang Persaraan (KWAP) has bought a controlling stake in its third UK property for £174.8mil (RM961.4mil), bringing the number of properties in its portfolio to seven.

The retirement fund said in a statement yesterday that it had sealed a joint venture with Intu Properties plc for the purchase of an 80% interest in the intu Uxbridge shopping centre.