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Norwegian wealth fund invests £570m in West End property
March 21, 2025
|The Guardian
Norway's sovereign wealth fund has made a fresh bet on central London by striking a £570m deal to buy a quarter of the Covent Garden estate.
Norges Bank Investment Management (NBIM), which manages £1.4tn by investing state receipts from the oil and gas industry, announced yesterday that it had bought the 25% stake from Shaftesbury Capital.
The £2.7bn portfolio includes more than 200 West End shops that have benefited from a rebound in tourism since the pandemic. It also owns offices, residential units and more than 190 bars, restaurants and cafes.
The head of NBIM's UK property arm, Jayesh Patel, said the investment "underscores our belief in the strength of London with the portfolio complementing our other high-quality West End investments".
هذه القصة من طبعة March 21, 2025 من The Guardian.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Guardian
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