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Sovereign Wealth Funds Briefing - Categorized | Investment

EPF buys 50pct stake in Tesco’s Arena Trust for GBP156.5mln from Aviva Investors

Posted on 08 January 2014

Employees Provident Fund, Malaysia’s sovereign wealth fund, has acquired a 50% stake in Arena Trust, which owns three Tesco anchored retail parks, for £156.5m from Aviva Investors, reflecting a net initial yield of 5.4%.
Deutsche Asset and Wealth Management (DeAWM) acquired the 50% stake in the three-strong supermarket and retail warehouse for EPF ahead of competition from near 10 international investors in a two-stage bidding process, dubbed Project Apple………………………………………..Full Article: Source


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