London project: Cranes seen at the Battersea Power Station project in London recently. The project’s developers and contractors have to operate with escalating costs against the backdrop of a challenging market environment caused by Brexit. — Reuters
PETALING JAYA: The phase two commercial assets of the Battersea Power Station has finally been sold to the Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB), in a deal worth £1.58bil (RM8.35bil).
The transaction is expected to be completed in the first quarter of 2019, sellers SP Setia Bhd
and Sime Darby Property Bhd said in a joint statement.
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