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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norway in three-way fight for London complex share

Posted on 11 June 2013

Norway’s sovereign wealth fund (SWF) is competing for half of the Broadgate office and London’s main business district. Two other contenders are fighting for the 50% stake, which is being sold off by asset manager Blackstone: Canadian developer Brookfield and Deutsche Bank’s property investment arm Rreef.
According to the FT, if the deal goes ahead, it is expected to net Blackstone a hefty profit on its 2009 investment in the four-mile square foot estate, which was valued at £2.1 billion at the time by its owner British Land………………………………………..Full Article: Source


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