KUALA LUMPUR: Government-linked asset manager Permodalan Nasional Bhd (PNB) has sold one of its key London properties, a commercial building called 90 High Holborn, for an undisclosed sum, driven in part by an impending rise in capital gains tax in Britain.
The sale also follows the trend of Malaysian government entities unloading British properties over the last few years. PNB will be reinvesting proceeds from the sale into its global property portfolio.
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