Norway’s sovereign wealth fund buys a quarter of London’s Covent Garden
Shaftesbury Capital sells stake in estate, which includes shops, market and transport museum siteBusiness live latest updatesNorway’s sovereign wealth fund, the world’s biggest, has made a fresh bet on the future success of central London as the country’s investment vehicle struck a £570m deal to buy a quarter of the Covent Garden estate.Norges Bank Investment Management (NBIM), which manages $1.8tn (£1.4tn) and invests government money from the oil industry, announced on Thursday that it had bought the 25% stake in the £2.7bn Covent Garden property portfolio of the landlord Shaftesbury Capital. Continue reading...
Shaftesbury Capital sells stake in estate, which includes shops, market and transport museum site
Norway’s sovereign wealth fund, the world’s biggest, has made a fresh bet on the future success of central London as the country’s investment vehicle struck a £570m deal to buy a quarter of the Covent Garden estate.
Norges Bank Investment Management (NBIM), which manages $1.8tn (£1.4tn) and invests government money from the oil industry, announced on Thursday that it had bought the 25% stake in the £2.7bn Covent Garden property portfolio of the landlord Shaftesbury Capital. Continue reading...
