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