UK divestment: EPF says the decision to divest its properties in Britain is ‘to maximise returns to its contributors.’
PETALING JAYA: The Employees Provident Fund (EPF) has divested a British office asset for £175mil (RM980mil), reflecting an initial yield of 4.5%, and just outside the range it was hoping for, two sources from London confirmed.
The buyer is Chinese Estates, which led a pack of three Asian investors to buy the trophy asset.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
