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 readLast updated: January 27, 2026
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.
