Felda Investment Corp Aquires First Property In London
Date：2014/12/16
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KUALA LUMPUR -- Federal Land Development Authority (FELDA) subsidiary, Felda Investment Corporation (FIC), recently acquired Grand Plaza Kensington Hotel in London, in a move to diversify its investment assets.
FELDA Group Chairman Tan Sri Mohd Isa Abdul Samad said the acquisition would enable the company to maximise its investment returns for the ultimate benefit of stakeholders.
"It marked an important milestone in the company's history as its first stepping stone in creating a brand name for FELDA with the previously acquired Grand Plaza Serviced Apartments in Bayswater, the hot-spot area among Malaysians visiting London.
"While the Grand Plaza Serviced Apartments' is meant for families or those travelling in a group, the Grand Plaza Kensington aims to attract guests looking for a luxury yet affordable accommodation.
"Moreover, the Malaysian hospitality is next to none and we are confident that we would be able to attract both Malaysians and foreigners to stay with us by offering excellent services and delicious Malaysian cuisines," he said in a statement.
The acquisition of the London property was the first for FIC and second for Felda, bringing the total number of hotels and resorts owned by the government agency to 12.
Strategically located, the Grand Plaza Kensington is a four-star hotel with 62 units of guest rooms and two units of three-bedroom serviced apartments, located at Lexham Gardens within the exclusive district of Kensington and Chelsea.