Norwegian SWF manager buys major London development

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

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