• FIC sells London

Under-pressure Malaysian investor FIC has put its London hotel up for sale. Agent Colliers International expects to attract offers of around GBP45m for the Park City Grand Plaza hotel in Kensington.

FIC acquired the property in 2014 in a GBP61m deal scrutinised by Malaysian anti-corruption authorities. The 77 room freehold is being offered free of brand and management.

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