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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway fund pays GBP348mln for stake in centre

Posted on 10 October 2012

Norway’s sovereign wealth fund has bought half of Sheffield’s Meadowhall, underlining the shopping centre’s strong performance amid a bleak retail climate. The £390bn Norwegian Government Pension Fund Global, which manages Norway’s oil revenues, bought out a joint venture between London & Stamford Property and a Middle Eastern partner.
It paid £348m for the stake in a deal which, including debt, values Meadowhall at £1.525bn. The centre was valued at £1.497bn in March………………………………………..Full Article: Source


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