Malaysia’s Employees Provident Fund agreed to acquire London’s Battersea Power Station for about 375 million pounds ($582 million), CoStar Group Inc. reported, without saying where it got the information.
SP Setia Bhd. (SPSB) and Deutsche Bank AG’s RREEF Real Estate affiliate are expected to become development managers in the 1.4 billion-pound redevelopment of the site, the property data service said on its website.
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