21.09.2012 - Sovereign wealth fund closing in on Meadowhall deal
Norway's sovereign wealth fund is set to complete the 750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership. According to Property Week, and in a deal that could be announced as early as next week, Norges Bank Investment Management, which manages the 376bn sovereign wealth fund, and British Land have agreed terms of a joint venture that will own the 1.4m sq ft mall on a 50:50 basis...............................................Full Article: Source
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