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The world’s largest sovereign wealth Foundation-Norwegian Norwegian Norbes Bank Investment Management (NBIM) – 570 million pounds in London’s Buzzy Covent garden ($ 739 million)
A 1.5% of companies that are estimated at about 2 trillion dollars and 1.5% of all-list companies in the world Shaftesbury Capital, The landlord of the area for the bargain.
The Covent Garden property is worth 2.7 billion TL ($ 3.5 billion), Shaftesbury made a press release on Thursday. Retail and food and beverage enterprises operate a quarter of the lands, offices and residential buildings.
The area that covers seven dials and Neal’s yard is already popular Tourist appointment And from the largest brands, Tissot and Ladurée, Apple and Chanel have the largest brands in stores.
NBIM investment is among the request of new retailers opened in the Covent Garden Brands Perfume Diptyque, ActiveWear brand Alo Yoga and cosmetics store like Charlotte Tilbury.
Covent Garden is one of the prominent cultural centers of London. When the city is loved In 1666, he became the largest market for the fire, London’s fruit and vegetables in the area.
Today, the city of the city and the house of the opera house and the house of the house and shows a Piazza with scores and retail sales joints.
The area suffered from the loss of foot traffic during the Covid-19 pandemia about a quarter of At the moment, £ 2.5 billion £ 1.8 billion. As soon as the activity started collecting, Shaftesbury continued bolster The portfolio of the Covent Garden’s General Property Market. Luxury property requirement in the Covent Garden has reached “record breaking” levels last yearThe property company was found in the UK Sotheby’s international real reality.
“This investment emphasizes our confidence in the power of London with a portfolio that completes our latest investments in other high quality West.” “Covent Garden is one of the most recognized retailers, recreation and cultural directions in the world.”
Live shopping district is not the only one who has recently attracted NBIM. In January, the Norwegian Foundation received a quarter of the Grosvenor property portfolio in the high-level Mayfair neighborhood of London. The deal includes a mixture of £ 307.5 million and an office and retail buildings.
Nbim also owns a part of Regent Avenue through a partnership with Crown Property.
Companies try to take advantage of high-retail sales, including high-retail sales, including high interest rates, including high interest rates.
NBIM, led by CEO Nicolai Tangen, became an investor in the avid over the years. Most funds are invested in equity, including gross $ 173 billion in magnificent seven stocks. Only 7% Investments are in real estate.
After the announcement of the agreement, Shaftesbury shares increased by 7.5% in London on 11.30.
Representatives in Nbim and Shaftesbury did not return immediately Lucky Applications for comment.
This story was first displayed Fortune.com
