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Norway’s mighty oil fund has bought a quarter of Covent Garden in a fresh bet on London property. Norges Bank Investment Management, the world’s largest sovereign wealth fund, paid owner ...

Norway’s sovereign wealth fund, the world’s biggest, has struck a hefty £570mn deal to acquire a quarter of the Covent Garden estate. Norges Bank Investment Management (NBIM), announced today ...

Norway has bought a £570m slice of London’s Covent Garden after reaping bumper oil profits following Russia’s invasion of Ukraine. Norges Bank, the state-owned fund that manages the country ...

Shaftesbury Capital has sold a quarter of Covent Garden to Norwegian oil fund Norges for £570m in the latest bet by Noway’s sovereign wealth fund on the capital. Under the terms of the contract ...

portfolio of prime property around London’s Covent Garden district, according to a statement on Thursday. The transaction, set to conclude in April, will hand £570 million in cash to Shaftesbury.

The world’s largest sovereign wealth fund—Norway’s Norges Bank Investment Management (NBIM)—is buying a 25% stake in London’s buzzy Covent Garden worth £570 million ($739 million).

NBIM said the portfolio comprises 1.5 million square feet properties, predominantly used for retail and leisure purposes, within the London districts of Covent Garden and Seven Dials. London ...

Norges will pay £570mn in cash for a one-quarter share of Covent Garden, which will continue to hold £380mn of debt against its £2.7bn property value © Zoonar ...