Norway's sovereign wealth fund, Norges Bank Investment Management, has made a significant $570 million investment for a 25% stake in Covent Garden. This acquisition, part of a broader strategy to invest in London's high-value areas, reflects confidence in the city's recovery and growth potential, especially given the area’s prominence as a retail, leisure, and cultural hub. The deal follows another significant investment in Mayfair and aligns with ongoing large-scale investments in the West End, reinforcing the fund's commitment to the revitalizing property market post-pandemic.
Norway's sovereign wealth fund, Norges Bank Investment Management, highlights its confidence in London through a $570m investment in Covent Garden, signaling strong growth potential.
The investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments, according to Jayesh Patel.
#norges-bank-investment-management #covent-garden-investment #london-real-estate #sovereign-wealth-fund #retail-and-leisure
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