| The Fund’s London property acquisition continues with a 25 per cent interest in Regent Street's Quadrant 3 building in London's West End, Norges Bank reports. The buy-in for GBP 97.5 million values the entire building at GBP 390 million, total, according to the statement.
The Crown Estate retains its 75 per cent stake in the property. It will continue to manage the asset on behalf of the joint partnership with the Norwegian Sovereign Wealth Fund (Government Pension Fund Global/GPFG). The statement also says the Quadrant 3 building gives 270,000 square feet of office, retail and restaurant space on nine floors. This is located over basement, ground and seven upper floors...............................................Full Article: Source
|