The world’s largest sovereign wealth fund—Norway’s Norges Bank Investment Management (NBIM)—is buying a 25% stake in London’s buzzy Covent Garden worth £570 million ($739 million).

portfolio of prime property around London’s Covent Garden district, according to a statement on Thursday. The transaction, set to conclude in April, will hand £570 million in cash to Shaftesbury.

Covent Garden’s biggest landlord Shaftesbury Capital ... NBIM It is responsible for managing the Government Pension Fund of Norway one of the world’s biggest sovereign wealth funds.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Norway’s oil fund has struck a £570mn deal to buy a quarter of Covent Garden from UK-listed landlord ...

Covent Garden was among the prime central London ... slated to open in May on the site of the former Topshop flagship. In the meantime, Norway, which sends the traditional Christmas tree that ...

Shaftesbury Capital shares rose after the company said it was selling a 25% interest in its Covent Garden portfolio in London to Norway's sovereign wealth fund in a deal that values the estate at ...

Norway has bought a £570m slice of London’s Covent Garden after reaping bumper oil profits following Russia’s invasion of Ukraine. Norges Bank, the state-owned fund that manages the country ...