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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Sovereign wealth fund closing in on Meadowhall deal

Posted on 21 September 2012

Norway’s sovereign wealth fund is set to complete the £750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership.
According to Property Week, and in a deal that could be announced as early as next week, Norges Bank Investment Management, which manages the £376bn sovereign wealth fund, and British Land have agreed terms of a joint venture that will own the 1.4m sq ft mall on a 50:50 basis………………………………………..Full Article: Source


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