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    Home > Finance > Norway sovereign wealth fund buys 25% stake in London property portfolio
    Finance

    Norway sovereign wealth fund buys 25% stake in London property portfolio

    Published by Global Banking & Finance Review®

    Posted on January 22, 2025

    1 min read

    Last updated: January 27, 2026

    This image highlights Norway's sovereign wealth fund's significant investment in a 25% stake of a mixed-use property portfolio in London’s prestigious Mayfair area, valued at £1.223 billion.
    Norway sovereign wealth fund invests in London Mayfair property portfolio - Global Banking & Finance Review
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    Quick Summary

    Norway's sovereign wealth fund has purchased a 25% stake in a London property portfolio for £305.7 million, with Grosvenor retaining management.

    Norway Wealth Fund Buys 25% Stake in Mayfair Properties

    OSLO (Reuters) -Norway's sovereign wealth fund said on Wednesday it has bought a 25% stake in a mixed-use property portfolio located in London's Mayfair district for 305.7 million pounds ($376.53 million).

    The 2.3 million square feet portfolio is predominately office and retail assets clustered around Grosvenor Street and Mount Street, the fund said in a statement.

    The seller of the stake is real estate group Grosvenor, which retains a 75% interest and will manage the properties, the Norwegian fund added.

    The transaction values the property portfolio at 1.223 billion pounds, it said.

    ($1 = 0.8119 pounds)

    (Reporting by Terje Solsvik, editing by Louise Rasmussen)

    Key Takeaways

    • •Norway's wealth fund acquires 25% of a London property portfolio.
    • •The investment is valued at 305.7 million pounds.
    • •Properties are located in Mayfair's Grosvenor and Mount Street.
    • •Grosvenor retains a 75% stake and manages the portfolio.
    • •The total portfolio is valued at 1.223 billion pounds.

    Frequently Asked Questions about Norway sovereign wealth fund buys 25% stake in London property portfolio

    1What is the main topic?

    The article discusses Norway's sovereign wealth fund acquiring a 25% stake in a London property portfolio.

    2Who sold the stake?

    The stake was sold by Grosvenor, which retains a 75% interest.

    3Where are the properties located?

    The properties are located in London's Mayfair district, around Grosvenor Street and Mount Street.

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