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PNB, EPF complete acquisition of Battersea Power Station’s commercial assets | Malay Mail

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PNB, EPF complete acquisition of Battersea Power Station’s commercial assets

14 March 2019

KUALA LUMPUR, March 14 — Permodalan Nasional Bhd and the Employees Provident Fund have finalised their acquisition of the Battersea Power Station’s commercial assets from sellers S P Setia Bhd and Sime Darby Property Bhd following the completion of the ownership reorganisation. The Power Station building accounts for some 2.43 hectares of the overall 16.99 ha regeneration site and is regarded as the jewel in the crown of the project.

PNB and EPF already owned 70 per cent of the entire Battersea Power Station development through their holdings in the original developers and in the case of EPF, through a direct 20 per cent holding.

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