Ken Holdings Expands Overseas Portfolio with 拢5.16 Million London Residential Acquisition

Ken Holdings Bhd has strengthened its international real estate portfolio with the acquisition of nine freehold residential units in central London, a move aimed at enhancing long-term recurring income and broadening its investment base.

According to the company’s filing, its wholly-owned subsidiary St Paul’s Ventures Ltd will acquire the properties located along North Gower Street, a prime residential address in the heart of London, for £5.16 million (RM27.98 million).

Stable Rental Yield of 6.4% from Existing Tenancies

The nine residential units offer a combined net lettable area of 6,248 sq ft. Based on current occupancy and rental agreements, the asset is expected to generate an annual rental income of £330,576 (RM1.79 million).

This translates into an estimated rental yield of 6.4%, which is considered strong for central London residential assets.

Acquisition Fully Funded Internally

Ken Holdings is acquiring the units from The Wellcome Trust Ltd, a well-known UK charitable foundation. The transaction was completed on a willing-buyer, willing-seller basis following a competitive bid through property consultancy Knight Frank LLP.

Importantly, the group noted that the acquisition will be fully funded through internally-generated funds, reflecting healthy balance sheet strength. No external financing, shareholder approvals, or regulatory consents are required.

The deal is expected to conclude within 14 working days, and Ken Holdings confirmed that no liabilities will be assumed as part of the transaction.

Strategic Portfolio Diversification

The group said the acquisition supports its long-term diversification strategy by expanding its portfolio of income-generating assets outside Malaysia. While the purchase is not expected to materially impact earnings for the financial year ending Dec 31, 2025, it will enhance recurring income stability over time.

This move comes as Malaysia’s real estate landscape continues to experience strong demand across strategic growth corridors, including:

• Commercial property in KL

• Transit-oriented hubs such as office space in Bukit Jalil

• Industrial hotspots like industrial land in Selangor and industrial property in the Subang area

• High-demand manufacturing zones including factory sites in Puchong

By diversifying into mature global markets like London while maintaining its presence in high-growth domestic locations, Ken Holdings positions itself for stronger long-term resilience.

Share Price

Ken Holdings’ shares closed unchanged at 50 sen, giving the group a market capitalisation of RM95.86 million.