BLOOMBERG -- Kumpulan Wang Persaraan (Diperbadankan), Malaysia’s second-biggest pension fund, is looking at real estate assets in Australia and the U.K. as it seeks to increase its investments overseas.

“We are doing due diligence on an Australian property worth more than A$100 million ($89 million),” Chief Executive Officer Wan Kamaruzaman Wan Ahmadsaid in an interview in Kuala Lumpur yesterday. “We want to increase our real estate investments because it fits into our strategy and will give us steady recurring income from rentals and upside on asset appreciation.” He didn’t provide details of any U.K. property investments under consideration.

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