KUALA LUMPUR: In the latest foray of Malaysian funds into the prime London property market, Kumpulan Wang Persaraan (KWAP) or Retirement Fund Inc and Lembaga Tabung Haji (LTH) have bought into trophy office building 88 Wood Street, London EC2 and 151 Buckingham Palace Road, respectively, sources said.
KWAP bought the Richard Rogers-designed skyscraper a few days ago from the National Pension Service of Korea for £200mil (RM927.11mil), reflecting a 5.8% yield.
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