| The largest sovereign wealth fund in Europe may be poised to take a majority stake in one of the United Kingdom's biggest shopping malls, after snapping up iconic retail space in the nation's capital. The Norway Pension Fund - Global has agreed to purchase a 75% stake in Meadowhall, a 22 year-old development near Sheffield in the North of England, according to Reuters, who quoted sources close to the deal.
The $601 billion fund spent $45 million on a section of Regent Street last year, one of the most high profile shopping areas in London. It also bought French retail buildings this year. The stake in the latest target could be worth up to £1.1 billion, the newswire reported...............................................Full Article: Source
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