PETALING JAYA: The Employees Provident Fund (EPF) is looking to sell some of its buildings in Britain, which could fetch it a cool £100mil (RM550mil) in profit. According to one source, the EPF is releasing both properties for a combined value of £405mil, but another source has put it at about £380mil. Also in 2015, EPF chief executive officer Datuk Shahril Ridza Ridzuan told a press conference that it was considering the sale of Reading International Business Park, in Reading, Britain. In 2015, Malaysian funds were advised by the Government to repatriate their foreign investments to help boost the local economy. KWAP sold 88 Wood Street in May 2016 just before the June 23 Brexit referendum for £270mil, giving it a premium of £55mil, having paid £215mil in 2013 for the 18-storey London office building.

Source: The Star January 25, 2017 00:45 UTC