Malaysian Fund Enters London Property Market

According to Dow Jones, Malaysian pension fund Employees Provident Fund is entering the U.K. commercial property market with the purchase of London office building 1 Sheldon Square for more than GBP150 million.

The building currently is 50%-owned by Aviva Investors, the asset-management business of Aviva PLC (AV.LN), and 50% by Liquid Realty Partners, Invista Real Estate Investment Management and Henderson Global Investors Ltd.