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



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00:59:09 — Thursday, 24th April, 2014

News in brief Article

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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.



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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.


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