Malaysian investors favour UK property

LondonInvestors from Malaysia have poured no less than $3.8 billion into the UK property market since 2010, new data from global real estate form Jones Lang LaSalle shows, with the vast majority of the funds going into commercial property, mainly offices in London.

This is by far the highest concentration of funds which were used by Malaysian investors to buy foreign property. The UK accounted for 62 per cent of the Southeast Asian nation’s investments in commercial properties abroad over the past 3 years, the study revealed. Far lower investment has been made in China, the US, Australia and other Asian countries.

Big-time investors from Malaysia include the country’s largest state-owned asset manager Permodalan Nasional Berhad, the Employees Provident Fund, the pension fund KWAP, and the Muslim pilgrims’ fund Tabung Haji.

One of the most notable acquisition by Malaysians was the purchase of the derelict Battersea Power Station at the banks of the River Thames, which was bought by a group including Malaysian developers SP Setia and Sime Darby for £400 million in July 2012 with the plan to adapt it into a mixed-use building with a large office component.

Other Malaysian deals included investment fund Permodalan Nasional Berhad’s acquisition of two office buildings for about £570 million that house the European Bank for Reconstruction and Development.

Malaysia is now among the top overseas property investors in the UK, along with Germany, Qatar and Brazil.



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Investors from Malaysia have poured no less than $3.8 billion into the UK property market since 2010, new data from global real estate form Jones Lang LaSalle shows, with the vast majority of the funds going into commercial property, mainly offices in London. This is by far the highest concentration of funds which were used by Malaysian investors to buy foreign property. The UK accounted for 62 per cent of the Southeast Asian nation’s investments in commercial properties abroad over the past 3 years, the study revealed. Far lower investment has been made in China, the US, Australia and other...

LondonInvestors from Malaysia have poured no less than $3.8 billion into the UK property market since 2010, new data from global real estate form Jones Lang LaSalle shows, with the vast majority of the funds going into commercial property, mainly offices in London.

This is by far the highest concentration of funds which were used by Malaysian investors to buy foreign property. The UK accounted for 62 per cent of the Southeast Asian nation’s investments in commercial properties abroad over the past 3 years, the study revealed. Far lower investment has been made in China, the US, Australia and other Asian countries.

Big-time investors from Malaysia include the country’s largest state-owned asset manager Permodalan Nasional Berhad, the Employees Provident Fund, the pension fund KWAP, and the Muslim pilgrims’ fund Tabung Haji.

One of the most notable acquisition by Malaysians was the purchase of the derelict Battersea Power Station at the banks of the River Thames, which was bought by a group including Malaysian developers SP Setia and Sime Darby for £400 million in July 2012 with the plan to adapt it into a mixed-use building with a large office component.

Other Malaysian deals included investment fund Permodalan Nasional Berhad’s acquisition of two office buildings for about £570 million that house the European Bank for Reconstruction and Development.

Malaysia is now among the top overseas property investors in the UK, along with Germany, Qatar and Brazil.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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