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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Norwegian fund buys $46 mln London property

Posted on 01 August 2011

Norges Bank Investment Management, Norway’s $570 billion sovereign wealth fund, and the Crown Estate made a joint purchase of two properties on London’s Regent Street for 28 million pounds ($46 million.
The two groups bought Maddox House for 23 million pounds from pension fund clients of Aberdeen Asset Management, and 4 Conduit Street from a private investor, the newspaper said. The Oslo-based fund previously bought a 25 percent stake in the Regent Street shopping area……………………………………….Full Article: Source


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