Malaysia’s SP Setia, Sime Darby offload Battersea stakes to PNB, EPF for $2b

Cranes stand above the Battersea Power Station office, retail and residential development, in London. Photographer: Chris Ratcliffe/Bloomberg

Malaysian property developers SP Setia and Sime Darby Property have sold their stakes in the second phase of London-based Battersea Power Station to government-linked investment fund Permodalan Nasional Bhd (PNB) and pension fund Employees Provident Fund (EPF) for £1.583 billion ($1.98 billion), according to a press release.

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