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Covent Garden Market in London
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Norwegian 1.8 trillion Sovereign Wealth Fund – The largest in the world – Thursday, in the last Bah of the British capital, said the contract to buy a quarter of a property portfolio in the English Garden of London.
New joint venture, Foundation Manager Norores Bank Investment Management (NBIM) gossip The British Property Developer will pay 570 million ($ 739 million) for 25% share in the London property portfolio of 2.7 billion TL in 2.7 billion TL in Shaftesbury Capital.
The NBIM consists of 1.5 million square feet of features used for the purposes of the portfolio, mainly retail and recreation, the Covent Garden and seven dials within London regions.
16% jumped in the market before winning the shares listed in the Shaftesbury capital listed in London. The stock lasted by 8.9%, London time until 9:55.
“This investment emphasizes our confidence in the power of London with a portfolio completing our latest investments,” Jayesh Patel, Jayesh Patel, head of real estate in NBIM, “said.
The Norwegian State Wealth Foundation is invested in the 606 million pounds for 25% of Westminster’s Grosshwiner in January.
The joint venture with a 25% stake in NBIM, which is worth £ 1.2 billion and GroSvenor’s historical Mayfair property, the largest sale of foreign investors.
The two deals bring the total investment in the Sovereign Wealth Fund in London for 876 million pounds this year.
NBIM also said it was Thursday agreed 40% in AXA’s lifestyle apartment, in Spain and France, pay 240 million euros for the owner of student housing and living features.
