PNB, EPF making right call with Battersea - News Summed Up

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PNB, EPF making right call with Battersea


So, it should not raise eyebrows when two big Malaysian investors are seeking to buy another London landmark, the Battersea Power Station. Permodalan Nasional Berhad (PNB), alongside Employees Provident Fund (EPF), on Thursday announced their intention to purchase the Grade II-listed building, Battersea Power Station Development Company said in a statement. Thursday’s announcement means EPF and PNB will take ownership of the commercial assets in Phase Two of the seven-phased Battersea project. In addition to Apple, the Battersea Power Station will house 250 homes and other commercial space, including a 2,000-capacity event venue. Battersea Power Station was opened in 1933, but the generator was not completed until 1953 after construction was delayed by the Second World War.


Source: New Strait Times January 21, 2018 03:00 UTC



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