PKR vice-president Rafizi Ramli said Felda is unlikely to recoup the whole of its £95.65 million (RM548 million) purchase of the 194-unit Grand Plaza Serviced Apartment (Grand Plaza SA) in Bayswater, London.

This was amid Felda's move to puts its overseas property assets for sale in a bid to refocus its core business, which is in plantations.

Rafizi said Felda, through its subsidiary FIC UK Properties Sdn Bhd, overpaid for the Grand Plaza SA.

He pointed to the financial report of Larmway Properties Limited, the entity which sold the serviced apartment to Felda in 2013.

Larmway Properties listed the cost of the Grand Plaza SA to only be at £54.29 million...