Malaysia's provident fund eyes Brexit bargains in UK property

Fund CEO says London property still a very resilient market

20190705 APTOPIX Britain Brexit

 Britain is currently scheduled to leave the European Union on October 31. © AP

P PREM KUMAR, Nikkei staff writer

Malaysia's state-run Employees Provident Fund says it's looking to add to its London property portfolio to take advantage of falling valuations ahead of the United Kingdom's likely exit from the European Union later this year.

After the $150 million acquisition of British retailer Sports Direct International's logistics facility in May, EPF chief executive officer Tunku Alizakri said he was currently "finalizing some deals" in the UK.

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