Tabung Haji may sell RM1.2b London office
Published on: Tuesday, May 10, 2016
LONDON: The Malaysian fund that invests on behalf of the country's 18 million Muslims plans to offer the London headquarters of law firm King & Wood Mallesons for sale, according to one of its investment managers.Gatehouse Bank Plc, which manages some real estate investments on behalf of the Lembaga Tabung Haji, has hired broker Savills Plc to find a buyer for the office building at 10 Queen Street Place, the lender said. The building is expected to sell for about £200 million (RM1.2 billion), according to two people with knowledge of the matter, asking not to be identified as the matter is private.
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Spokesmen for Gatehouse declined to comment on the building's value. Tabung Haji could not be immediately reached for comment and Savills declined to comment on the sale.Stay up-to-date by following Daily Express’s Telegram channel.
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