Norway’s sovereign wealth fund contains $ 740 million in London Covent -Harden

The Norway Sovereign Rich Fund of 1.8 trillion. Dollars – the world’s largest in the world – said on Thursday that he concluded a transaction to buy a quarter of a real estate portfolio at a landmark London Covent Garden, in his last rate on the premium of the UK capital.

In the new joint enterprise manager Norges Bank Investment Management (NBIM) – Note It will pay £ 570 million ($ 739 million) for 25% of the British Propertybury Capital Real Estate British Property portfolio, which is full of Deal by 2.7 billion pounds.

NBIM noted that the portfolio consists of 1.5 million square feet, which are preferably used for retail and rest, in the London areas of County -Harden and seven dials.

London Captesbury Capital shares jumped nearly 16% on the Open market before increasing slightly. The action was 8.9% to 9:55 am in London.

“This investment emphasizes our faith in the power of London, and the portfolio supplements our other quality West End investments,” said the UK, head of the UK real estate department in NBIM.

This implies the investment of Norwegian state wealth in the amount of £ 306 million for 25% in the Grosvenor Duke Westminster estate in January.

A joint venture, which again provided NBIM 25% of shares, cost £ 1.2 billion and noted the biggest sale for external investors in the Mayfair Grosvenor estate.

Both deals bring a total investment of the sovereign wealth fund in London this year to 876 million pounds.

NBIM also said on Thursday that this agreed To pay 240 million euros for 40% of the Axa housing, the owner and housing operator and living together in Spain and France.