Norges Bank continues property spree / News in brief / The Foreigner

The Foreigner Norges Bank continues property spree. The Norwegian Sovereign Wealth Fund has joint-leased London’s Jaeger House with the Crown Estate. GBP 50 million (approximately 460 million kroner) has been spent by the Regent Street Partnership, comprising the Crown Estate and the Norwegian ‘Oil Fund’, for purchasing the 200-2006 Regent Street head lease from IVG Institutional Funds GmbH. Regent Street is an attractive area in London for retailers and customers. The lease has 73 years left to run. This purchase consists of around 2,700 square metres of shop space as well as about 1,800 square metres of office space.

norwaysovereignwealthfund, regentstreetpurchases



The Foreigner Logo

The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it’s a glimpse of news or entertainment you’re after, there’s no need to leave your linguistic armchair. You don’t need to cry over the demise of the English pages of Aftenposten.no, The Foreigner is here!

Norske nyheter på engelsk fra Norge. The Foreigner er en engelskspråklig internett avis for de som bor eller som er interessert i Norge.

Google+ Twitter Facebook RSS RSS

14:37:27 — Monday, 20th May, 2013

News in brief Article

LATEST:

Norges Bank continues property spree

Published on Monday, 30th January, 2012 at 09:38 under the news in brief category, by Lyndsey Smith   .

The Norwegian Sovereign Wealth Fund has joint-leased London’s Jaeger House with the Crown Estate.


GBP 50 million (approximately 460 million kroner) has been spent by the Regent Street Partnership, comprising the Crown Estate and the Norwegian ‘Oil Fund’, for purchasing the 200-2006 Regent Street head lease from IVG Institutional Funds GmbH.

Regent Street is an attractive area in London for retailers and customers. The lease has 73 years left to run. This purchase consists of around 2,700 square metres of shop space as well as about 1,800 square metres of office space.

The fund has brought several properties in both London and Paris over the last 12 months.


Like this article? Show your appreciation.

Support the ForeignerMoney

If you enjoyed this article, please consider supporting the Foreigner by donating using Pay Pal or credit/debit card.

Donate icon





Published on Monday, 30th January, 2012 at 09:38 under the news in brief category, by Lyndsey Smith   .

This post has the following tags: norwaysovereignwealthfund, regentstreetpurchases.

Using a mobile to view this page? Click here to view our mobile optimised version.


Leave a Comment

Please refrain from link dropping, keywords, offensive words or spamming. Comments are moderated, we reserve the right not to publish your comment.

blog comments powered by Disqus