Malaysia’s EPF to Buy Battersea Power Station, CoStar Reports

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.

To contact the reporter on this story: Simon Packard in London at packard@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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