EPF sells London property, earns good premium


PETALING JAYA: The Employees Provident Fund (EPF) has sold One Sheldon Square in London for £210mil (RM1.14bil), fetching a good premium for one of its earliest investments in the English capital city’s booming commercial property.

EPF paid £156mil back in 2010 to acquire the nine-storey office block. The 200,000 sq ft building is fully let out to Visa Europe Services until December 2022 with a rent review in December 2017.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Business , EPF , property , London

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