EPF buys Polish retail mall for RM1.4bil

Galeria Katowicka is located in Katowice, about 260km from the Polish capital of Warsaw, and 70km from Krakow, the second-largest city. Katowice metropolitan area has a population of between three and 3.5 million. The EPF in an email said:

PETALING JAYA: The Employees Provident Fund (EPF) has bought a retail mall in Poland but declined to say for how much or the annual net yield for the investment.

A source from Britain said the EPF bought it for “close to 300mil pounds (RM1.4bil)”. The deal is believed to have been completed in March. London-based Savills Investment Management (SIM) structured the deal. A month back in February, the EPF also, via SIM, bought two logistics assets in the Netherlands, in Rotterdam and Moerdijk. It was the EPF’s second Dutch purchase.