Malaysia's $35b pension fund KWAP buys two student housing properties in UK for $51m

Malaysia's $35b pension fund KWAP buys two student housing properties in UK for $51m

Residential Kuala Lumpur at sunrise. Photo: Pixabay

Malaysia’s civil service pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has purchased two purpose-built student accomodation buildings in the UK for £39.75 million ($51.2 million), it said in a statement on Wednesday.

The properties purchased were a four-storey freehold building at 800 Bristol Road in Birmingham, and a six-storey freehold building, The Mill House, in Edinburgh, priced at £14.62 million and £25.13 million, respectively.

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