17.11.2016 - Norway Wealth Fund Buys $345 Million London Oxford St. Building

Norges Bank Real Estate Management acquired an office and retail building on Oxford Street, the U.K.’s busiest shopping street, from Great Portland Estates Plc for 276.5 million pounds ($345 million). The property is leased in advance of its completion next year to New Look, Benetton and Moneysupermarket.com Group Plc, Great Portland said in a statement. The yield on the purchase is 3.2 percent...........................................Full Article: Source

Print