Malaysia pension fund KWAP to sell London office asset for $399m

Malaysia’s second-largest pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is mulling a £270-million ($399.34 million) sale of an office building in central London, following the government’s call on state-owned funds and related companies to repatriate funds for propping up the country’s soft stock and currency markets.