Website maintenance:

We will carry out maintenance on the website for a period to come. We apologize in advance for any problems this may cause. If you are unable to access the website it is probably due to updates. Please try to re-enter the website in 10 minutes time. Sincerely, The Web Development team!

Oil Fund makes over one billion kroner property investment in London

Leader Yngve Slyngstad for the Government Pension FundLeader Yngve Slyngstad for the Government Pension Fund.Photo: Terje Pedersen / NTB scanpix

Advertisement

The Oil Fund has bought into a property in London.

 

 

According to a press release, the fund paid £112.5 million, or NOK 1.1 billion, for a further 25% stake in 20 Air Street in the center of the British capital city. This corresponds to approximately NOK 4.5 billion on a 100% basis.

The property comprises around 25,000 square metres (30,000 square yards) of office and retail space, in addition to nine flats.

In total, approximately 2.5% of the oil fund is invested in unlisted real estate.

The oil fund has a value of approximately NOK 7,700 billion.

 

© NTB Scanpix / Norway Today

Advertisement