Body set up to assist Govt in funding pension buys first property abroad


PETALING JAYA: The Retirement Fund Inc or KWAP, a statutory body set up to assist the government in funding its pension liability, has bought its first property overseas in Melbourne, Australia, for A$113mil.

The two-year old property, a freehold Grade A office building located in Melbourne's central business district, has an area of 204,331 sq ft.

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