LONDON: A company controlled by the Shaw Foundation, the philanthropic arm of the late Hong Kong movie mogul Run Run Shaw’s empire, has agreed to acquire an office building in London’s main financial district from Malaysia’s second-largest pension fund, according to three people familiar with the matter.
The foundation, which is being advised by Knight Frank, will pay Kumpulan Wang Persaraan (Diperbadankan) (KWAP) about £270mil (RM1.56bil) for 88 Wood Street, according to two of the people, who asked not to be identified because the deal hasn’t been completed.