EPF cashing in on UK property

Employees Provident Fund chief executive officer Datuk Shahril Ridza Ridzuan at the media briefing on EPFs 2014 Annual Report on April 10.

THE Employees Provident Fund (EPF), which manages some RM636.5bil worth of assets, said it is planning to sell one or two properties it own in the UK and use proceeds from the disposal for new investment elsewhere.

The country’s pension fund owns about 20 properties in the UK, including several office buildings in London and 12 hospitals acquired in 2013 for RM3.28bil.