Norway Sovereign Wealth Buys Queensberry House in London
On January 30, Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, purchased a 100% interest in Queensberry House for £190.6 million. No financing was used in the real estate transaction. The property is a 74,500 square foot office building located at 3-9 Old Burlington Street in central London. Institutional investors such as sovereign wealth funds and pensions are targeting core real estate properties in global cities. NBIM has made a number of acquisitions in London.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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