{"id":132610,"date":"2019-03-15T17:14:00","date_gmt":"2019-03-15T10:14:00","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-investors-complete-acquisition-of-battersea-power-stations-commercial-assets\/"},"modified":"2022-12-11T02:54:59","modified_gmt":"2022-12-10T19:54:59","slug":"malaysian-investors-complete-acquisition-of-battersea-power-stations-commercial-assets","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-investors-complete-acquisition-of-battersea-power-stations-commercial-assets\/","title":{"rendered":"Malaysian investors complete acquisition of Battersea Power Station’s commercial assets"},"content":{"rendered":"


\nMalaysian asset manager Permodalan Nasional Berhad (PNB) and The Employees Provident Fund of Malaysia (EPF) have acquired the commercial assets in the Battersea Power Station regeneration project through a joint venture, the companies announced in a statement yesterday. The reorganisation of the ownership of commercial assets within the Grade II-listed Power Station has completed\u00a0with PNB gaining 65 percent of the commercial assets and the retirement savings fund owning\u00a035 percent. PNB and EPF already own 70 percent of the entire Battersea Power Station development through their holdings in the original developers. In December, Malaysian development firms SP Setia Bhd and Sime Darby Property Bhd sold their stakes in the second phase of the project to PNB and EPF for GBP1.583 billion (USD1.98 billion). More:\u00a0Is the London property market ready to banish the Brexit blues? The transaction does not affect the shareholdings in Battersea Project Holding Company Limited, which remain unchanged between S P Setia (40 percent), Sime Darby Property (40 percent) and EPF (20 percent). UK-based Battersea Power Station Development Company (BPSDC) and its subsidiaries will continue as the development, estate and asset manager for all phases of the overall development. \u201cWe are delighted that this reorganisation has concluded, giving this iconic landmark a sound footing for the future and ensuring it is expertly curated and managed in the longer term,\u201d said Dato\u2019 Ahmad Pardas Senin,chairman of Battersea Project Holding Company Ltd, in a statement. Built in 1941, Battersea Power Station is being restored to house hundreds of shops, F&B establishments, event spaces, and offices, including Apple\u2019s future London campus and business members’ club No18.
\n
\nSource : property-report.com
\nRead more…Malaysian investors complete acquisition of Battersea Power Station’s commercial assets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Malaysian asset manager Permodalan Nasional Berhad (PNB) and The Employees Provident Fund of Malaysia (EPF)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-132610","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yuS","jetpack-related-posts":[{"id":77282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-fund-pnb-buys-battersea-power-station-stake\/","url_meta":{"origin":132610,"position":0},"title":"Malaysian fund PNB buys Battersea Power Station stake","date":"January 18, 2018","format":false,"excerpt":"\r Cash injection will allow the building to be completed amid rising costs\r \r Source : ft.com\r Read more...Malaysian fund PNB buys Battersea Power Station stake","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/battersea-power-station-to-be-sold-for-1-6bn\/","url_meta":{"origin":132610,"position":1},"title":"Battersea Power Station to be sold for \u00a31.6bn","date":"January 19, 2018","format":false,"excerpt":"\r Malaysian sovereign wealth fund PNB to buy iconic building in one of UK\u2019s largest ever property dealsBattersea Power Station is to be sold for \u00a31.6bn in one of Britain\u2019s largest ever property deals.Malaysian sovereign wealth fund Permodalan Nasional Berhad (PNB), alongside Employees Provident Fund of Malaysia, have announced their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27883,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apples-plans-for-new-battersea-power-station-hq-sound-pretty-dramatic\/","url_meta":{"origin":132610,"position":2},"title":"Apple\u2019s plans for new Battersea Power Station HQ sound pretty dramatic","date":"September 30, 2016","format":false,"excerpt":"\r The tech giant will house its London campus in the legendary Art Deco landmark by 2021 Battersea Power Plant in London, a landmark immortalised in Pink Floyd album \u2018Animals.\u2019 Claudio Divizia\/Shutterstock Battersea Power Station, the iconic coal power plant by the Thames River in London being redeveloped by a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-happens-now-to-malaysian-property-investments-in-london-after-brexit\/","url_meta":{"origin":132610,"position":3},"title":"What happens now to Malaysian property investments in London after Brexit?","date":"July 6, 2016","format":false,"excerpt":"\r No turning back for the UK\u2019s Malaysian investors London\u2019s iconic Battersea Power Station. Image credit: August Brill (Flickr) Malaysian real estate players are confident they won\u2019t be losing out as a result of the UK\u2019s Brexit vote, despite widespread caution as a result of the devaluation of the pound.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-on-thames-welcomes-apple-as-its-biggest-office-tenant\/","url_meta":{"origin":132610,"position":4},"title":"'Dubai-on-Thames' welcomes Apple as its biggest office tenant","date":"September 29, 2016","format":false,"excerpt":"\r One of London's most famous landmarks - and the the largest brick building in Europe - is about to get an injection of ultra-high tech glamour as Apple moves into the capital's Battersea Power Station.The US technology juggernaut will be the largest office tenant at Battersea Power Station (BPS)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-fund-to-buy-stake-in-battersea-power-station\/","url_meta":{"origin":132610,"position":5},"title":"Malaysian fund to buy stake in Battersea Power Station","date":"January 18, 2018","format":false,"excerpt":"\r Deal values building at \u00a31.6bn\r \r Source : ft.com\r Read more...Malaysian fund to buy stake in Battersea Power Station","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132610"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=132610"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132610\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=132610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=132610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=132610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}