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October 6, 2010
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.