31.01.2012 - Norges Bank continues property spree
The Norwegian Sovereign Wealth Fund has joint-leased Londonís Jaeger House with the Crown Estate. GBP 50 million (approximately 460 million kroner) has been spent by the Regent Street Partnership, comprising the Crown Estate and the Norwegian ĎOil Fundí, for purchasing the 200-2006 Regent Street head lease from IVG Institutional Funds GmbH. Regent Street is an attractive area in London for retailers and customers. The lease has 73 years left to run. This purchase consists of around 2,700 square metres of shop space as well as about 1,800 square metres of office space...............................................Full Article: Source
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