Norwegian sovereign wealth fund invests in real estate in London:
"The Norwegian sovereign wealth fund invested in real estate in London, buying a 343 million-pound asset in the Mayfair district.
According to Norges Bank Investment Management, the fund bought a 57.8% share in estate between Regent Street and Bond Street from the Church Commissioners for England.
‘The consideration is net of the fund’s £36.1 million share of total existing debt. The Crown Estate purchased a 6.4 percent stake at the same time for £38 million. Contracts were completed on 8 August 2014,’ reads a note released on Sunday."
'via Blog this'
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