Real estate, Retail industry, Business, London, UK news Business | The Guardian
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 capital city’s 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 a 25% stake in the £2.7bn Covent Garden property portfolio owned by 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 capital city’s 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 a 25% stake in the £2.7bn Covent Garden property portfolio owned by landlord Shaftesbury Capital.
