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Norwegian wealth fund invests £570m in West End property
The Guardian
|March 21, 2025
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".
यह कहानी The Guardian के March 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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