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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Financials

Aberdeen’s unfrozen property fund sells London asset to Norges Bank

Posted on 20 July 2016

Norway’s sovereign wealth fund has acquired a prime London asset, capitalising on liquidity pressures facing open-ended property funds in the UK. Aberdeen Asset Management has sold a 59,000sqft retail and office building on Oxford Street from a fund that was recently closed to redemptions.
Norges Bank Real Estate Investment Management paid £124m (€149m) for 355-361 Oxford Street, known as Sedley Place, in London’s West End………………………………………..Full Article: Source


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