May 25, 2018 / 5:27 AM / a month ago

Norway's wealth fund buys $38 mln property stake in London

OSLO, June 18 (Reuters) - Norway’s $1 trillion sovereign wealth fund, the world’s largest, has acquired a 25-percent stake in the leasehold of a property in central London in a joint venture with the Crown Estate, it said on Monday.

The fund paid 28.8 million pounds ($38.13 million) for the stake in 30 Warwick Street, valuing the long leasehold interest at 115 million pounds. The sellers of the property were Aviva Public Sector Pension Investment Board.

$1 = 0.7553 pounds Reporting by Gwladys Fouche, editing by Terje Solsvik

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below