Deals
Norway’s Wealth Fund Buys $576 Million of Mayfair Area
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Norway’s sovereign wealth fund, the world’s largest, bought a stake in an estate in London’s Mayfair district for 343 million pounds ($576 million), expanding its property holdings in the U.K. capital.
The fund bought a 57.8 percent share in the 4-acre (1.6-hectare) Pollen Estate between Regent Street and Bond Street from the Church Commissioners for England, Oslo-based Norges Bank Investment Management said today. Separately, the Crown Estate acquired a 6.4 percent stake for 38 million pounds.