Norges Bank Investment Management announced Thursday that it has acquired a 25 percent interest in a mixed-use property portfolio located in Covent Garden through a new joint venture with Shaftesbury Capital Plc. (CCPPF), for 570 million pounds, valuing the portfolio at 2.659 billion pounds.
The portfolio carries an existing debt of 380 million pounds, and the transaction will proceed without any additional financing, Norges Bank Investment Management said in a statement.
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