Published 13 days ago • loading... • Updated 11 days ago

Norway’s oil fund buys into London’s Covent Garden estate

Summary by Financial Times

Norges Bank Investment Management makes fresh bet on fortunes of UK capital’s retail and leisure district

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Euro Weekly News

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Norway now owns 25 percent of Covent Garden

Norway’s Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund, has acquired a 25 per cent stake in London’s Covent Garden estate for £570 million (€680 million). Currently managing nearly €184 trillion in assets and owning 1.5 per cent of globally listed companies, NBIM has just partnered with Shaftesbury Capital, the London district’s landlord, for the deal… Source

12 days ago·Spain

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News24

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News24 Business | World's largest sovereign wealth fund buys stake in Shaftesbury's Covent Garden

Shares of Shaftesbury Capital, the JSE-listed London-based real estate investment trust, rocketed nearly 20% on Thursday morning after it announced that Norway's sovereign wealth fund had bought a 25% stake in its trendy Covent Garden property for R13 billion.

13 days ago·South Africa

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The Telegraph

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The country about to own swathes of Covent Garden

Sovereign wealth fund invests in London property after huge oil profits following Ukraine invasion

13 days ago·London, United Kingdom

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CNBC

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thepress.net

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World's largest sovereign wealth fund invests $740 million in London's Covent Garden

Norway's $1.8 trillion sovereign wealth fund on Thursday said that it struck a deal to buy a quarter of London's iconic Covent Garden.

13 days ago·United States

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Financial Times

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Norway’s oil fund buys into London’s Covent Garden estate

Norges Bank Investment Management makes fresh bet on fortunes of UK capital’s retail and leisure district

13 days ago·London, United Kingdom

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Inc42 Media

Norges Bank Buys Nazara Shares Worth INR 70 Cr

Norway’s central bank Norges Bank has bought 7.19 Lakh shares of gaming major Nazara Technologies via bulk deals. As per NSE data, Norges Bank acquired the shares at INR 969.65 per apiece. The complete purchase was worth INR 69.71 Cr. Norges Bank bought these total 7.19 Lakh shares through its Government Pension Fund Global. This is the first instance of Norges Bank acquiring a stake in the company. As of January 17, foreign portfolio investors …

11 days ago

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