Norway's sovereign wealth fund has taken another step towards its target of investing 5% of its assets in property by buying a stake in two central London addresses for GBP7 million.
Norway's Pension Fund Global, sometimes referred to as the oil fund, bought a 25% stake in 4 Conduit Street and 1 Maddox Street, alongside a 75% investment by the U.K. Crown Estate, with the total investment by both parties valued at GBP28 million, according to a statement from the Crown Estate Sunday.
Norway's Pension Fund Global, sometimes referred to as the oil fund, bought a 25% stake in 4 Conduit Street and 1 Maddox Street, alongside a 75% investment by the U.K. Crown Estate, with the total investment by both parties valued at GBP28 million, according to a statement from the Crown Estate Sunday.
