June 18, 2018 / 9:14 AM / 2 months ago

Norway's wealth fund buys £28.8 million property stake in London

OSLO (Reuters) - Norway’s $1 trillion (753.52 billion pounds) sovereign wealth fund, the world’s largest, has acquired a 25-percent stake in the leasehold of a property in central London in a joint venture with the Crown Estate, it said on Monday.

The fund paid 28.8 million pounds for the stake in 30 Warwick Street, valuing the long leasehold interest at 115 million pounds. The sellers of the property were Aviva (AV.L) Public Sector Pension Investment Board.

Reporting by Gwladys Fouche, editing by Terje Solsvik

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