Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
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Norway's sovereign wealth fund has purchased a 25% stake in a London property portfolio for £305.7 million, with Grosvenor retaining management.
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)
The article discusses Norway's sovereign wealth fund acquiring a 25% stake in a London property portfolio.
The stake was sold by Grosvenor, which retains a 75% interest.
The properties are located in London's Mayfair district, around Grosvenor Street and Mount Street.
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