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EPF buys 50% stake in Tesco's Arena Trust for £156.5m from Aviva Investors

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%, CoStar News can reveal.
By James Wallace
January 7, 2014 | 3:55 P.M.

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.

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