A slice of London’s landmark Battersea Power Station has been sold to Malaysian investor Permodalan Nasional Berhad (PNB) in a £1.6 billion deal. A slice of London’s landmark Battersea Power Station has been sold to Malaysian investor Permodalan Nasional Berhad (PNB) in a £1.6 billion deal. Asian asset management firm PNB will own a majority of the power station, alongside Employees Provident Fund of Malaysia. Battersea Power Station Development Company (BPSDC) said talks were at an early stage, but the transaction had been approved by the Battersea Project Holding Company Limited. A spokesman for BPSDC said: “The Battersea Power Station building would provide both investors with a unique investment opportunity to own an iconic development in the heart of London.

Source: Irish Independent January 18, 2018 12:33 UTC