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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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Business , EPF , property , London

   

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