18 December 2018
Linklaters advises Malaysian pension funds on £1.6bn stake in Battersea Power Station
Linklaters has advised Permodalan Nasional Berhad, Malaysia’s largest asset manager, and the Employees Provident Fund, a Malaysian state pension fund, on their £1.6bn stake in the £9bn redevelopment of London’s Battersea power station. The two investors formed a joint venture to buy the commercial part of the power station building from Battersea Phase 2 Holding Company.
The building includes Apple’s new European HQ, and a new business members club owned by IWG.
The deal is due to be completed in the first quarter of 2019.