Norwegian SWF manager buys major London development

nbim-chief-yngve-slyngstad
NBIM chief executive Yngve Slyngstad

Norges Bank Investment Management (NBIM), which manages Norway's sovereign wealth fund, announced today (September 21) it has acquired "a 100% interest" in a large property in the heart of London.

NBIM paid $373m for the entities that own the 95-year leasehold interest in the West One Shopping Centre and 75 Davies Street, described as a 90,000 square foot retail and office property. The development is located above the Bond Street underground railway station, in a district of central London asso

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