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72 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER PERFoRMANcE

INVESTMENT REVIEW
SUBSIDIARIES

Compass@Kota Seri Langat B) PRIMA EKUITI (UK) LIMITED
Compass, located in Kota Seri Langat, Banting, Selangor, Prima Ekuiti (UK) Limited (Prima Ekuiti), established in 2012,
is a 220-acre industrial park which will cater to the is KWAP’s wholly-owned subsidiary in the UK and acts as
growing needs of today’s industrialists, with a medium-term its investment partner for the European region. Since its
development timeline of eight years and a GDV of RM1.2 inception up to 2020, it was mandated to manage equity
billion. Compass is jointly developed by PNB, AREA portfolios in the European region.
Industrial Development Holdings and KWEST.
Prima Ekuiti’s first equity portfolio was the UK equity
The first phase of Compass was successfully launched in portfolio mandate in 2012, which has contributed returns
the third quarter of 2022, including the City Sales Gallery of 32.0% since inception, comfortably exceeding the
located in Shah Alam and the launch of SME Precinct (Plot FTSE 100 Index’s return of 21.4% during the same period.
1 and Plot 2), which consists of 62 terrace, semi-d and Its second mandated portfolio was the Euro equity portfolio
detached factories with a GDV of RM504 million. As at 31 mandate, which has contributed returns of 48.6% since it
December 2022, 32% of factory units have been sold with was mandated in 2014, securely exceeding the MSCI Euro
a sales value of RM99.8 million. Index’s return of 17.9% during the same period. Meanwhile,
the Absolute Return portfolio that was established in June
In 2021, 50 acres of land was sold to Best Eternity Recycle 2018 with an initial capital of EUR75.0 million represents
Technology Sdn Bhd, a paper recycling company for a move towards an investment that was more focused
RM108 million, with a further 30 acres transaction in the on longer-term thematic investments as reflected by its
pipeline to be completed in 2023 with another industrialist three-year investment horizon.
(GDV estimate of RM82 million).
As at the end of 2020, the UK and Euro equity portfolios
The second phase of Compass will include an 80-acre have repatriated a total of more than GBP140.1 million
managed industrial park (MIP) which will be the first of its since inception.
kind in Selangor. With a GDV of RM541 million, the MIP
will be self-sustainable within a safe, gated-and-guarded In 2021, Prima Ekuiti widened the scope of investment and
environment which is also integrated with business centre asset management activities into other asset classes. Under
facilities, workers’ accommodation and several commercial this enhanced model, Prima Ekuiti undertakes additional
shop lots. private equity and real estate investment activities as an
extension of KWAP and supports the three asset classes in
2023 Direction KWAP’s foray to achieve its international SAA target.
Moving forward, KWEST will be pursuing synergistic
investments and venturing into potential Aged Care and
Senior Living projects collaborating with other relevant PRIMA EKUITI
units within KWAP in line to fulfil KWAP’s vision to be the
trusted retirement fund that supports nation building by 2012 - 2020 2020 - Present
delivering sustainable benefits.

For committed projects, KWEST intends to deliver on ongoing Asset Class EqUITIES EqUITIES PRIVATE REAL
projects with further launches and developments lined up EqUITY ESTATE
throughout 2023. For new investments, KWEST targets to
expand its investments into both domestic and strong key PORTFOLIO
international markets such as the UK and Australia. MANAGEMENT TRADING INVESTMENT

In aligning with the United Nation Sustainable Development Operational Functions ASSET
Goals (UNSDG) towards sustainable developments, RESEARCH RESEARCH MANAGEMENT
KWEST will establish its own ESG Framework, aligned with
KWAP’s Sustainability Roadmap.