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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway’s Wealth Fund buys 50pct of U.K. mall for $560 mln

Posted on 09 October 2012

Norway’s $650 billion sovereign wealth fund bought a 50 percent stake in the Meadowhall Shopping Centre in northern England for 348 million pounds ($560 million), its second U.K. acquisition.
The fund purchased the stake from London & Stamford Property Plc (LSP) and Green Park Investments, Norges Bank Investment Management said in a statement today. The transaction values the mall at 1.53 billion pounds including debt, according to the bank, which manages the Norwegian fund. The net yield is 5.09 percent at that price………………………………………..Full Article: Source


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